Weekly Close: Oil Holds Steady at $105 Per Barrel

15:35; 16 October 2026 year

### Week Ends with Oil Holding Steady at $105 per Barrel Brent crude oil (the benchmark North Sea oil) is trading on Friday at around $105 per barrel, with prices dipping by 0.5%. Russian Urals crude (a blend of heavy Urals-Volga and light West Siberian Siberian Light oil) is valued at $117 per barrel. The price discount between Brent and Urals varies between $7 and $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 crude oils such as American WTI, European Brent, and Asian Dubai/Oman, which form the global pricing landscape. This analysis was presented by Alexei Grishchenko, Ph.D., Professor of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.

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