Oil rises $3/bbl after Russia signals output cut due to price cap By Reuters

Oil rises $3/bbl after Russia signals output cut due to price cap By Reuters

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Oil prices settled about $3 per barrel higher on Friday for a second straight week of gains after Moscow said it could cut crude output in response to the G7 price cap on Russian exports. settled at $83.92, up by $2.94 or 3.6%, while U.S. West Texas Intermediate (WTI) crude settled at $79.56 a…

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