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Russian oil hits lowest price since 2020 amid Asian competition, say analysts

Urals crude has fallen by $25.78 per barrel year-on-year. Photo: Sasha Mordovets/Getty Images
Urals crude has fallen by $25.78 per barrel year-on-year. Photo: Sasha Mordovets/Getty Images

Analysts say Russian crude now trades at a $25 discount to Brent crude.