Urals Oil Prices Stable Amid Weak Trading

Traders note minimal changes in Urals-Brent price spread, expecting further declines as Russia redirects exports to China with larger discounts.

Traders reported on Thursday that the price difference for Urals crude oil saw little change amid weak trading. Meanwhile, traders anticipate further price cuts for this type of oil compared to Brent. This shift comes as Russia redirects its exports to China with larger discounts and higher shipping costs, moving away from India.

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