February 8, 2017 / 3:50 PM / 6 months ago

Rosneft trading arm given access to Russia's Urals oil futures

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MOSCOW, Feb 8 (Reuters) - Rosneft Trading S.A, the trading arm of Russia's largest oil producer Rosneft, has been allowed to take part in trading in Urals crude futures on a Russian commodity exchange, the exchange said on Wednesday.

Russia launched a futures contract for Urals crude oil URL-E in Moscow in November, in a step to secure greater prominence for the Russian export blend.

The presence of Rosneft in trading will give a boost to Russia's plans for Urals futures.

Reporting by Vladimir Soldatkin, editing by David Evans

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