Oil becomes cheaper due to the inflated ceiling on Russian fuel
Oil prices edged lower on Thursday, hovering near two-month lows, as the G7’s proposed price cap on Russian crude was seen as higher than current market trading levels, easing supply concerns. Brent Crude futures were down 0.3% at $85.20 a barrel, while West Texas Intermediate (WTI) crude futures were down 16 cents at $77.78 a […]