G7 Official: We are 'very very close' to agreement on $60-a- barrel price cap on Russian oil exports

G7 Official: We are 'very very close' to agreement on $60-a- barrel price cap on Russian oil exports – by anilpanchal7 Oil RussianFederation Europe NewsTrading RiskAppetite

There is some discretion, flexibility in determining market price for Russian crude for price cap.Not sure how Russia will react to $60 price cap but Russia has no good options.Price caps will be adjusted on a range of considerations including market prices, could go up or down.Oil buyers take a breather, for now

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