Urals crude price rose to $104 per barrel at Primorsk and $106 per barrel at Novorossiisk on 30‑Apr‑2026, up $6.50 from Tuesday.
The rise followed a >6% jump in global oil prices, spurred by stalled US‑Iran negotiations and heightened Gulf supply disruption concerns.
Rates cut exporters’ margins, but rising crude prices offset this; Russian oil price in roubles beat budget assumption by 46% in April.
Russia’s 2026 federal budget assumes an oil price of $59 per barrel, far below current market levels.