Russian Urals Crude Bids Rise; Rosneft Sells Four Lots in Tender
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Russian Urals crude failed to trade even after buyers raised bids for cargoes in both northwest Europe and the Mediterranean. No public bids or offers were made for North Sea Forties blend.
OAO Rosneft, Russia’s largest oil producer, sold four cargoes of 100,000 metric tons each of Urals for loading on July 10 to July 14 from the Baltic Sea port of Primorsk to BP Plc, said three traders who participate in the market.