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The Russian ESPO price exceeded $141 per barrel.

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The Russian ESPO price exceeded $141 per barrel.

ESPO's price hit its highest since 2009, Nikkei Asia reports. The premium for Brent amounted to a record $31. In October, the price of Ural rose to 119 dollars per barrel.

The price increase is related to demand from China and India, supply disruptions from the Middle East and tanker transportation costs.

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