Russia's Urals crude has dropped to around $34 a barrel due to U.S. sanctions
Russia's flagship Urals crude collapsed to roughly $34 a barrel, sending a clear price signal through the oil market that US sanctions are starting to hurt. On Friday, barrels loading from the Baltic Sea traded at $34.82, while cargoes from the Black Sea slipped even further to $33.17, based on figures from Argus Media. Over [...]
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