Photo: Statoil In Europe, Russian oil is more expensive than standard grades

In trading on Thursday, the Russian oil traded at a record premium to Brent of $2,35 per barrel.

Russian Urals oil is traded in Northwest Europe with a record since 1994, the premium to Brent of $2,35 per barrel, writes the Argus.

“The prize for Urals in SZE on Thursday rose by $0.4 per barrel relative to North sea dated to us $2,35 per barrel (cif Rotterdam). Therefore, the award exceeded the previous high set in late may to us $2.3 per barrel (cif Rotterdam)”, – stated in the message.

In absolute terms Russian grade of oil rose $0,92 to $43,25 per barrel.

At the same time, on Friday, June 26, the cost of the futures on Brent crude fell 0.39% to $40,89 per barrel. WTI has lost 0.93% and fell to $38,36 per barrel.

Note this week, us WTI crude oil rose to its highest level since March 6, after the statement of the President of the United States Donald trump about that trade deal with China will remain in force.

 

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