Russian Urals oil climbed towards the $80 per barrel, reaching a fresh two-month high, driven by a general upward trend in crude oil prices this month. In May, the country's exports surged by 50% compared to the previous year, with the nation seemingly adapting to its international sanctions. Also, expectations of continued OPEC+ production cuts in the latter half of the year added to the upward pressure on prices. Additionally, Ukraine has conducted over 20 attacks on Russian refineries and energy infrastructure in 2024, temporarily disabling 14 percent of Russia's oil refining capacity.

Urals Oil increased 22.05 USD/Bbl or 36.93% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Urals Oil reached an all time high of 117.65 in February of 2013. This page includes a chart with historical data for Urals Crude. Urals Oil - data, forecasts, historical chart - was last updated on July 8 of 2024.

Urals Oil increased 22.05 USD/Bbl or 36.93% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Urals Oil is expected to trade at 82.88 USD/Bbl by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 91.07 in 12 months time.



Price Day Month Year Date
Crude Oil 82.29 -1.146 -1.37% 5.86% 12.81% Jul/08
Brent 85.71 -1.259 -1.45% 5.00% 10.74% Jul/08
Natural gas 2.37 0.0430 1.85% -18.34% -10.15% Jul/08
Gasoline 2.53 -0.0258 -1.01% 6.28% 1.59% Jul/08
Heating Oil 2.57 -0.0465 -1.78% 6.27% 1.29% Jul/08
Coal 135.75 -0.75 -0.55% -0.11% -2.79% Jul/05
TTF Gas 32.15 -0.87 -2.64% -6.60% 6.35% Jul/08
UK Gas 74.72 -2.3704 -3.07% -8.32% 1.62% Jul/08
Ethanol 1.87 -0.0300 -1.58% 2.05% -21.10% Jul/08
Naphtha 705.79 0.18 0.03% 12.14% 33.75% Jul/05
Propane 0.85 -0.0003 -0.04% 21.81% 52.76% Jul/05
Uranium 85.65 0 0% -1.83% 54.60% Jul/05
Methanol 2,489.00 -24.00 -0.96% -3.41% 15.98% Jul/08


Urals Oil
Urals oil is the reference oil brand used as the price benchmark for Russian oil exports. It is a blend of the heavy and sour oil from the Urals and Volga regions with the lighter oil from Western Siberia. It is transported to Europe through the Druzhba pipeline and to Baku through the Novorossiysk pipeline, while main seaborne importers are China and India since 2022. Futures contracts of 1,000 barrels are traded in the St. Petersburg International Mercantile Exchange (SPIMEX). Pricing is also commonly seen as a discount to Brent crude oil. The Urals oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
81.75 81.40 117.65 8.40 2012 - 2024 USD/Bbl daily