Urals Crude Pricing Trends: February Snapshot and Year-over-Year Change

The recent data on Urals crude pricing reveals a notable shift in value when comparing February of the current year with the same month in the previous year. In February, the average value per barrel stood at 49.56 dollars, a figure that sits well below the 92.15 dollars recorded a year earlier. This drop marks a substantial contraction in price, illustrating how market conditions have shifted from one February to the next. The month-over-month movement from January to February shows a slight uptick, with the February price nudging up from 49.48 dollars to 49.56 dollars per barrel, signaling a modest rebound within a still-tough pricing environment for Russian crude exports.