Russian Urals Crude Discount Widens to Over $10 in India

Hyperdash NewsCommodities

The discount for Russian Urals crude in India has widened to over $10 per barrel compared to Brent. This expanded discount is primarily due to weak demand, indicating a potential oversupply of Urals crude.

This widening discount could influence global oil pricing structures. The current situation suggests that Urals crude is facing challenges in the market. In the 22 minutes since the news was published,

WTI Crude has moved +0.04% on Hyperdash, and Brent Crude has moved +0.13%.

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