Dec 05 2012

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 Novorossiysk and the Druzhba pipeline system. The main producers of oil Urals – «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 (U.S. Dollars per Barrel*)

Date Urals ** Brent Light Sweet Crude Oil
February 25, 2013 112.94 115.99 93.11
February 26, 2013 111.45 114.50 92.63
February 27, 2013 110.08 113.93 92.76
February 28, 2013 109.32 113.42 92.05
March 1, 2013 107.38 111.43 90.68
March 4, 2013 107.75 111.25 90.12

*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.
** Russian Trading System (RTS)

Oil Price History Oil Price History


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