Oct 15 2014

Oil Prices – Urals, Brent

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Urals – export oil mix (a mix of heavy and high-grade oil of Urals with light oil of Western Siberia), extracted in Khanty-Mansiysk autonomous region and Tatarstan. Urals brand oil is supplied through the Baku-Novorossiysk pipeline and the Druzhba pipeline system. World’s largest Urals oil producers – “Rosneft”, “Lukoil”, “Surgutneftegaz”, “Gazprom Neft”, “TNK-BP” and “Tatneft”. Oil futures class Urals trade on the stock exchange Russian Trading System (RTS). On the New York Mercantile Exchange (NYMEX) “Urals” is known under the name of REBCO (Russian Export Blend Crude Oil) and traded under ticker symbol RE in U.S. dollars per barrel. Brent crude is traded on the electronic IntercontinentalExchange (ICE) under ticker symbol LCO in U.S. dollars. Light sweet crude oil is traded on the NYMEX under ticker symbol CL.

Urals, Brent and Light Crude oil – daily prices (US$ per Barrel*)

Date Urals Brent Light Sweet Crude Oil
November 6, 2014 81.98 83.48 77.90
November 7, 2014 81.06 83.58 78.46
November 10, 2014 82.05 82.34 77.20
November 11, 2014 81.38 82.02 77.61
November 12, 2014 79.37 80.38 76.85
November 13, 2014 76.87 77.92 74.33

*Barrel (bbl) – unit of volume for crude oil and petroleum products. 1 bbl corresponds 42 US gallons or 35 UK (imperial) gallons, or approximately 159 liters.

Oil Price History Oil Price History (Excel, read-only format)

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