EU Commission proposes cutting Russia's oil price cap to $45 ...Middle East

We are ramping up pressure on Russia with 18th package of sanctionsSanctions target energy and bankingProposes restrictions on Nord Stream pipeline

The current price cap is $60, though its effectiveness and enforcement is spotty. Brent is currently trading at $67.26.

Crude looks like it could be breaking out today, as it clears a double top.

This article was written by Adam Button at www.forexlive.com.

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