Brent Crude Oil Hits $115 per Barrel on Monday

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On Monday, the price of North Sea benchmark crude oil BRENT stands at $115 per barrel, with a daily decline of 0.4% in the value of black gold.

URALS crude, a blend of heavy high-sulfur oil from the Urals-Volga region and light Western Siberian oil SIBERIAN LIGHT, is valued at $104 per barrel.

The price difference between BRENT and URALS grades fluctuates between $5 and $20 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 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, which together form the global pricing landscape.

This overview was presented by Alexei 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.