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News 2026-09-18 11:27 UTC

Russian ESPO oil price exceeds $120 per barrel, traders say and data shows

Premiums over Brent for physical cargoes reach records China's state-owned firms lead buying US legislation seeks to limit buying of Russian oil MOSCOW/SINGAPORE, Sept 18 (Reuters) — Russia's ESPO Blend oil jumped above $120 per barrel for the first time since April, boosted by demand from Chinese refiners as the U.S.