Urals And Brent Oil Prices

Professor of Public Affairs and Economics at the University of Wisconsin • Dec 19, 2023 at 6:30 PM EST

Houthi attacks on shipping spur rise in oil prices.

Houthi attacks on shipping spur rise in oil prices. Here’s a graph to put things in perspective, for the world price, and the price Russia is getting for its oil.

(Click on image to enlarge)

Source: TradingEconomics.com, accessed 12/19/2023.

The Brent-Urals gap is $19 per barrel.

Pass through from oil into gasoline is about 37% after about 3 months, according to Hakan Yilmazkuday.

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