Free Trial
EURUSD TECHS

Bull Cycle Extends

BOBL TECHS

(Z2) Corrective Bounce Extends

EQUITY TECHS

E-MINI S&P (Z2): Rallies And Clears Resistance

BUND TECHS

(Z2) Pierces The 50-Day EMA

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

EU Agreement on Russian Oil Price Cap May Be Pushed Back

OIL

EU nations are reported to be struggling to reach an agreement on a Russian oil price cap and are likely to push back a deal on the issue.

  • EU sanctions require unanimity. Cyprus and Hungary are among the nations that oppose the price cap.
  • The EU push to impose a price cap on Russian oil aligns the bloc with a US effort to keep the cost of crude from soaring.
  • It is unclear how effective a Russian oil price cap would be given its largest customers - China, India and Turkey – have shown little intent to join the pact.
100 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

EU nations are reported to be struggling to reach an agreement on a Russian oil price cap and are likely to push back a deal on the issue.

  • EU sanctions require unanimity. Cyprus and Hungary are among the nations that oppose the price cap.
  • The EU push to impose a price cap on Russian oil aligns the bloc with a US effort to keep the cost of crude from soaring.
  • It is unclear how effective a Russian oil price cap would be given its largest customers - China, India and Turkey – have shown little intent to join the pact.