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Russian Urals oil prices fell to the lowest level since 2023 as Brent price collapsed

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Russian Urals oil prices fell to the lowest levels since 2023 as international benchmark Brent prices collapsed amid escalating trade tensions between the U.S. and China following the tariffs policy announced last week, Reuters calculations based on traders’ data showed. Weaker Urals prices will weigh on Russia’s oil revenues – a core basis for Moscow’s ...

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