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Russian Far East ESPO crude prices topped $120 per barrel as Middle East supply shocks drove Chinese demand, pushing the grade's price premium over benchmark ICE Brent to record levels of $20-30 per barrel.
Sources:The Moscow Times
Updated
Russian Far East ESPO crude prices topped $120 per barrel as Middle East supply shocks drove Chinese demand, pushing the grade's price premium over benchmark ICE Brent to record levels of $20-30 per barrel.