The price of Russian Urals oil exceeded $120 per barrel

The price of Russian Urals oil, which the day before exceeded $110 per barrel, has already risen to $120, which, from the point of view of the President’s Special Representative for Investment and Economic Cooperation with Foreign Countries, Kirill Dmitriev, demonstrates the futility of illusory attempts to undermine the domestic economy.

“The world knows that Russia is one of the few remaining reliable partners,” he wrote in X.

Russian oil is reaching new highs amid falling supplies from Saudi Arabia and the growing crisis in the transportation of Middle Eastern raw materials, which cost even more than domestic ones. At the same time, Urals is now quoted significantly higher than Brent oil, which fell in price to $103.5 per barrel on Thursday.