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Oil prices boosted by China optimism as Russia responds to crude price cap

Por: MarketWatch Business December 27, 2022

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Price action Market drivers Russian President Vladimir Putin announced a ban on the sale of oil which would allow exports to countries imposing a price cap only in the case of a special exemption from the Kremlin. See:  The long awaited move comes after the h banned imports of seaborne crude from Russia and as the EU and Group of Seven imposed a ceiling on Russian crude prices by barring companies from insuring, financing or shipping oil priced... + full article



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