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Urals crude oil has reportedly traded above the global benchmark Brent crude in the India market for the first time, according to traders.
Rising demand linked to the ongoing te_nsions involving Iran and disruptions around the Strait of Hormuz have pushed prices higher.
Russian Urals crude is now being sold at a premium of about $4–$5 per barrel to Brent for deliveries to Indian ports.
Brent prices have risen around 25% to about $89 per barrel, while Urals crude prices have surged nearly 50% in the past week amid tightening supply and strong demand.
Disclaimer: This image is AI-generated and this post is for informational purposes only.
#OilPriceSurge #Russia #BrentCrude #UralsOil #EnergyMarket
$DEGO $COS $SIGN
Rising demand linked to the ongoing te_nsions involving Iran and disruptions around the Strait of Hormuz have pushed prices higher.
Russian Urals crude is now being sold at a premium of about $4–$5 per barrel to Brent for deliveries to Indian ports.
Brent prices have risen around 25% to about $89 per barrel, while Urals crude prices have surged nearly 50% in the past week amid tightening supply and strong demand.
Disclaimer: This image is AI-generated and this post is for informational purposes only.
#OilPriceSurge #Russia #BrentCrude #UralsOil #EnergyMarket
$DEGO $COS $SIGN
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