Mar 18 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 21, 2012 121.43 122.98 105.84
February 22, 2012 122.41 124.61 106.28
February 23, 2012 122.78 124.98 107.83
February 24, 2012 124.12 126.62 109.77
February 27, 2012 124.06 126.56 108.56
February 28, 2012 123.60 126.11 106.55
February 29, 2012 122.46 125.11 107.07
March 1, 2012 123.36 126.01 108.84
March 2, 2012 124.65 127.30 106.70
March 5, 2012 123.95 126.60 106.72
March 6, 2012 124.68 127.58 104.70
March 8, 2012 126.21 129.86 106.58
March 9, 2012 126.17 129.92 107.4
March 12, 2012 125.14 128.89 106.34
March 13, 2012 126.14 129.69 106.71

*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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