The U.S. and its Western allies announced new measures on Friday to cap the price of additional Russian petroleum products, including diesel and gasoline.
(Bloomberg) -- The Group of Seven nations and the European Union member states have agreed to impose a cap of $100 per barrel on sales of Russian diesel to third countries as part of an effort to limit Moscow’s revenues. Most Read from BloombergWhat You Need to Know About the Suspected Chinese Spy Balloon Floating Over the USGeorge Santos Produced Broadway’s Ill-Fated Spider-Man Musical. At Least, He Claims He DidUS Postpones Blinken China Visit in Uproar Over Alleged Spy BalloonAdani’s $108 Bil
Crude oil markets have fallen rather hard during the trading week, breaking back down after a couple of very quiet weeks.