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Why a cap on Russian oil could send gas prices rising

Por: ABC News Business December 05, 2022

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Prices at the pump have over the past month but a dramatic move from the U.S. and allies meant to slash Russian oil revenue and cripple its war effort could send gas prices rising again, some energy analysts told ABC News.On Monday, the European Union slapped a ban on all seaborne imports of Russian oil. On top of that, a group of Western nations imposed a price cap on Russian oil that will prohibit the country from selling crude to third party... + full article



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