Technical Analysis

G7 official says ‘very, very close’ on US$60 / barrel Russian oil price cap agreement

G7 price cap coalition official

  • Says we are ‘very
    very close’ to agreement on $60-a- barrel price cap on Russian oil
  • Says expected
    agreement calls for maintaining price cap at 5% below market price
    for Russian crude
  • Says there is some
    discretion, flexibility in determining market price for Russian
    crude for price cap

This agreement is plodding along towards agreement. It’s been a long road! The latest I had was that Poland was a hold-out.

Stay tuned I guess.

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