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EU reaches agreement on $60-per-barrel price cap on Russian oil

Por: Fox Business Business December 03, 2022

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Check out what's clicking on FoxBusiness.com The European Union on Friday reached a deal to cap at $60 a barrel in an attempt to keep global oil prices down but hit Russia’s top moneymaker amid its war in Ukraine.  Under the agreement, Western companies will not be able to insure, finance or ship Russian oil unless it is sold for less than $60 a barrel, The Wall Street Journal reported.The move is designed to cut Moscow’s oil revenues... + full article



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