Brent Crude Trades at $86.50 per Barrel on Tuesday

© ООО Региональные новости

On Tuesday, the North Sea benchmark crude oil, Brent, is trading at $86.50 per barrel, marking a 4% increase in price.

Russian export blend Urals, which includes heavy sour crude from the Urals-Volga region and light West Siberian crude Siberian Light, is trading near $65 per barrel.

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

The main trading platforms for oil are international commodity exchanges such as NYMEX (WTI, USA) and ICE (Brent, Europe), as well as regional exchanges like SPIMEx (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, forming a global pricing framework.

This overview was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.