Average price of Russia’s Urals oil rises 11.7% to $60.78 in Feb

MOSCOW, Mar 1 (PRIME) -- The average price of the Urals oil blend, Russia’s key export, rose by 11.7% on the month and 12.1% on the year to U.S. $60.78 per barrel in February, as seen by PRIME in the materials of the Finance Ministry on Monday.

In January–February, the price fell to $57.6 per barrel from $58.13 per barrel in the same period of 2020.

In 2020, the price fell 34% to $41.73 per barrel.

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