Russia’s flagship Urals crude oil slumped to about $34 a barrel in a signal that US sanctions on Moscow are having an impact.
The grade in the Baltic Sea slumped to $34.82 a barrel on Friday, while in the Black Sea it fell to $33.17, according to prices provided by Argus Media. Dated Brent, a yardstick for international prices, stood at about $61, after falling far less than Russian supplies this year.
President Donald Trump’s administration