Russian Urals Crude Hits $116, 13-Year High

Urals crude rose to $116.05 per barrel at Primorsk, its highest in over 13 years, per Argus Media.
At Novorossiysk, Urals traded $114.45 per barrel, with discount to Dated Brent narrowing below $27.75, the lowest since mid‑December.
Premium to Brent for Indian deliveries widened to $6.1 per barrel, up from $3.9 two weeks earlier, reflecting Iran‑linked rally.
Higher crude prices generate windfall oil revenues, easing Kremlin’s fiscal pressure as the war in Ukraine continues.