Russia’s Urals at highest level in nearly a year amid sanctions risk

Tight market supply has led to a tightening of alternative crude oil options in Europe

Sour grades like Ural are popular given expensive Med sweet crude grades

Urals crude prices are trading near 12-month highs as Russian forces converge closer to the Ukrainian border, with trading sources telling S&P Global Platts on January 21 that a possible invasion remains an “acceptable risk” for markets, around …

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