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EconomyRussian ESPO oil price tops $120 a barrel, traders say

Russia’s ESPO Blend crude rose above $120 a barrel for the first time since April, according to three traders and Reuters calculations. Demand from Chinese refiners helped lift prices as the U.S.-Israeli war on Iran disrupted Middle Eastern supplies.

Russian oilESPO BlendChinaoil prices

RReuters★★★★☆2026-09-18 11:45Original

Russian ESPO oil price tops $120 a barrel, traders say
Russian ESPO oil price tops $120 a barrel, traders sayEconomy