Russia's flagship Urals crude is trading at a discount of about $2-$3 per barrel to Brent for July and August deliveries to India and China, as weaker demand from Asian refiners weighs on prices, Reuters reported Tuesday.

Russia's flagship Urals crude is trading at a discount of about $2-$3 per barrel to Brent for July and August deliveries to India and China, as weaker demand from Asian refiners…

Russian Urals crude swings from $7-$8 premium to $2-$3 discount versus Brent for July-August cargoes as Chinese refinery demand weakens sharply.