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Russian Urals Crude Fell 1.9% MoM in October

OIL

The average price for Russia’s Urals crude fell by 1.9% month on month to $81.52/bbl in October, the Finance Ministry said, cited by Bloomberg.

  • •The average October Urals price stood 15.4% above last year’s levels when Urals crude averaged $70.62%.
  • •The discount on Urals to Brent narrowed to $9.57/bbl in October based on the average price of North Sea Dated of $91.09/bbl.

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