Crude Oil Prices

The table shows the daily closing prices for Brent, WTI and Urals Crude Oil (US$/Barrel)

2019 Brent WTI Urals *
Sep 11 60.81 55.75 58.39
Sep 12 60.38 55.09 57.89
Sep 13 60.22 54.85 58.11
Sep 16 69.02 62.90 67.24
Sep 17 64.55 59.34 63.10

* the price is based on the Urals/Brent differential


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

Urals brand oilUrals oil is a mix of heavy and high-grade oil of Urals with light oil of Western Siberia. It is an oil brand used as a basis for pricing of the Russian export oil mixture. Urals oil extracted in Khanty-Mansiysk autonomous region, Tatarstan and Bashkortostan. Urals brand oil is supplied through the Druzhba pipeline and the Baku-Novorossiysk pipeline. The world’s largest Urals oil producers are “Rosneft”, “Lukoil”, “Surgutneftegas”, “Gazprom Neft” and “Tatneft”. Urals Crude Oil futures are traded on the Saint Petersburg International Mercantile Exchange (SPIMEX) under ticker symbol “U” in US dollars.

Brent Crude futures are traded on the Intercontinental Exchange (ICE) under ticker symbol B in U.S. dollars. Brent –°rude futures are also traded on the New York Mercantile Exchange (NYMEX) with the symbol “BZ”. Brent blend is a light crude oil (LCO) which contains approximately 0.37% of sulphur, however, not sweet as West Texas Intermediate (WTI). WTI futures are traded on the NYMEX under ticker symbol “CL”.