Weekly Close: Oil Trades at $100 per Barrel

15:45; 18 September 2026 year

Brent crude oil (the benchmark North Sea oil) is trading at $100 per barrel on Friday, with prices dropping by 1.5%.

Russian Urals crude (a blend of heavy Urals-Volga and light West Siberian Siberian Light oil) is valued at $110 per barrel.

The price difference between Brent and Urals grades ranges from $7 to $20 per barrel and is subject to high volatility.

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 is conducted through futures and spot contracts linked to benchmark oil grades: American WTI, European Brent, and Asian Dubai/Oman, forming a global pricing framework.

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

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