Senior US Treasury official: Failure of oil price cap on Russian oil could bump up prices to $140 Oil UnitedStates Commodities RussianFederation WTI
price cap on Russian oil, with an exemption for purchases below cap, could see the oil price rise to around $140/barrel.”Yellen to discuss proposed cap on Russian oil price with Japan’s Suzuki, goal is to minimize negative impact on Japan, others, while curtailing Russian revenues.
US Treasury Secretary Janet Yellen will discuss implementation of the proposed oil price cap with Japanese Finance Minister Shunichi Suzuki when they meet later on Tuesday Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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