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Western allies aim to agree on Russian oil price cap Wednesday

Por: Fox Business Business November 23, 2022

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PRICE Futures Group senior market analyst Phil Flynn argues a universal price cap on oil has 'never succeeded' as world leaders move closer to finalizing plans for one on Russian oil amid the country’s continued invasion of Ukraine. The U.S. and its allies are seeking to agree on a level for a price cap on Russian oil as soon as Wednesday, with officials discussing setting it at around $60 a barrel as the group rushes to put the plan... + full article



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