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Russia oil price cap will be between $60-63/barrel - report

Oil has been on a nice run today, rising $2.44 to $80.62 despite yesterday's report that OPEC+ won't cut. Eyes are on Russia and the oil price cap after Poland and the Baltic states dug in yesterday on the price cap.

Meanwhile, Fox's Edward Lawrence cites a source familiar and says the cap will be between $60-63 with an announcement coming next week and a few things still to be finalized in the G7.

Russia is already selling oil cheaper than that but where it could get interesting... Read More

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Content Topics

Russia

Price

Will

Between

60

63 Barrel

Report

60 63 barrel

Forex

Posted: Nov 30 2022, 15:08

Author Name: forexlive

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