Lower freight and costs at Turkish straits support Urals prices above $60/bbl in Russian ports

Lower freight rates and fewer penalty fees at the Turkish straits are supporting Urals crude prices at Russian ports, as Moscow’s flagship grade holds firm above the Western price cap of $60 per barrel, data from traders, the Riverlake agency and Reuters calculations showed. Urals prices have climbed above $66 a barrel in western ports …

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