Russia’s Crude Trades At $52, Well Below The Proposed Price Cap

Russia’s flagship crude grade Urals currently trades at around $52 per barrel, more than $10 a barrel lower than the low end of a proposed G7-EU-UK price cap of $65-$70 per Russian barrel of crude, according to Bloomberg. No final decision has been taken by the G7 and the EU yet, but the price cap…

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