EU reportedly considers imposing price cap of $65 to $70 on Russian oil

23/11/2022 | 10:33 GMT

Oil drops on the headlines

That's a step up though from the supposed previously discussed price cap of around $40 and $60 per barrel but still, the news is dampening sentiment in the oil market. WTI crude is down from $81.30 to near $80 currently, down over 1% on the day now.

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