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

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.