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Russian oil price cap, EU ban aim to limit Kremlin war chest

Por: WPLG Local 10 Politics December 05, 2022

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FRANKFURT – Oil prices rose Monday as the over the war in Ukraine took effect, bringing with them uncertainty about how much crude could be lost to the global economy through the new sanctions or Russian retaliation.International benchmark Brent crude rose 2% to $87.30 per barrel, a day after the OPEC+ alliance of oil producers, including Russia, because the impact of the new restrictions on Russian oil is not yet clear. Starting Monday are a... + full article



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