Brent crude oil trades at $110 per barrel on Monday

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Brent crude oil, the North Sea benchmark grade, is trading at $110 per barrel on Monday, with the price of black gold rising by 1% over the day.

Russian Urals crude, a blend of heavy high-sulfur oil from the Urals-Volga region and light Western Siberian oil known as Siberian Light, is valued at $97 per barrel.

The price discount between Brent and Urals grades stands at $8-15 per barrel.

Major trading platforms for oil include international commodity exchanges such as NYMEX (WTI, USA) and ICE (Brent, Europe), as well as regional exchanges like SPIMES (Urals, Russia) and SGX (Asia).

Trading takes place through futures and spot contracts linked to benchmark crude grades: American WTI, European Brent, and Asian Dubai/Oman, shaping the global pricing landscape.

This overview was presented by Alexey Grishchenko, Ph.D., Professor of Operational and Sectoral Management at the Higher School of Management, Financial University under the Government of the Russian Federation.