Russian Export Blend Crude Oil
Russian Export Blend Crude Oil (REBCO), also known as Urals oil, is a medium gravity sour crude. It is a mix of heavy oil from the Urals and the Volga region with light oil of Western Siberia, set for delivery at storage and terminal installations at the port of Primorsk in Russia. It is an oil brand used as a basis for pricing for Russian oil exports.
REBCO futures are traded at the NYMEX under ticker symbol R2. Contract size is 1,000 barrels with a contract price quoted in US Dollars and Cents per barrel. Delivery dates take place every month of the year.