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Average price of Russian Urals oil blend down by 2.7%

December 02, 2013, 15:58 UTC+3 MOSCOW
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MOSCOW, December 02, 14:36 /ITAR-TASS/. The average price of Russian Urals oil blend has reduced by 2.7 percent to $107.71 per barrel in January-November as against the same period last year, an expert at the Russian Finance Ministry, Alexander Sakovich, told Itar-Tass on Monday.

In November the price of Urals blend reached $107.32 per barrel, down by 0.9% year-on-year, and down by 0.4% as against October.

In 2012 the average price of Urals oil blend reached $110.5 per barrel. According to the Economic Development Ministry’s forecast, this year’s average price of the Russian oil blend will reach $107 per barrel.

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