U.S. waters down plan for Russia oil price cap - Bloomberg

Oct. 26, 2022 10:25 PM ETThe United States Oil ETF, LP (USO), UCODBO, USL, SCO, BNO, USOI, NRGUBy: Carl Surran, SA News Editor18 Comments

3d illustration of barrels with oil

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The U.S. has been forced to scale back a plan to impose a cap on Russian oil prices in the face of growing risks in financial markets brought on by crude volatility, Bloomberg reported Wednesday.

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