EU members plan to delay Russian oil cap – Bloomberg
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Citing sources familiar with the matter, Bloomberg reported on Monday that the European Union could delay enforcing a price cap on Russian oil imports due to divisions within member states.
This headline doesn’t seem to be having a significant impact on crude oil prices. As of writing, the barrel of West Texas Intermediate (WTI), which touched its lowest level since January near $77, was trading at $78.85, where it was down 0.55% on a daily basis. Meanwhile, the barrel of Brent was last seen losing 0.6% on the day at $86.25.
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