U.S. Treasury says oil price cap 'institutionalizing' Russian crude discounts By Reuters

U.S. Treasury says oil price cap 'institutionalizing' Russian crude discounts By Reuters

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NEW YORK (Reuters) - The European Union's agreed $60 per-barrel price cap on Russian seaborne crude oil will keep global markets well supplied while "institutionalizing" discounts created by the threat of such a limit, a senior U.S. Treasury official said on Friday. The official, speaking to…

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