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Urals Discount to Brent Widens as Russia Diverts Oil

Russian Urals crude’s discount to the benchmark Dated Brent widened to the most in 30 months after the nation increased shipments to Europe amid a pricing dispute with Belarus.

Urals export blend for delivery in northwest Europe dropped to $3.30 a barrel below the price of Dated Brent today, compared with $3.13 yesterday, according to data compiled by Bloomberg. The discount has widened from $1.67 since Jan. 7.