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Yellen walks back $60 price cap for Russian oil: ‘No decision’ yet

Por: Fox Business Business October 14, 2022

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Secretary Yellen delivers remarks on challenges facing the global economy on Friday walked back speculation that G7 nations are considering a $60 per barrel price cap on Russian oil and stressed that no decision has been made. Earlier this week, Yellen suggested that from oil sales at $60 per barrel by saying a price in that range would let Russia profitably produce and sell oil. But on Friday, she said her comment then was not meant to suggest... + full article



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