russia’s flagship crude under pressure, but recovery could be imminent

摘要

London—The current price weakness of Russia’s flagship crude export grade Urals is symbolic of a fragile physical oil market in Europe where lockdowns and travel curbs continue to hit fuel demand, trading sources and analysts said March 12. Medium sour crude Urals depends heavily on European demand and, with lockdowns persisting in most of the continent, buying interest has been tepid of late.