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18.07.2025 16:30:00

Oil Prices Climb as EU Sanctions Target Russian Trade

Oil prices rose on Friday after the EU adopted its 18th sanctions package against Russia, lowering the price cap, targeting Russian oil trade, and closing a loophole that has so far allowed EU imports of fuels processed from Russian crude.  As of 9:50 a.m. EDT on Friday, the U.S. benchmark, WTI Crude, rose by 1.36% to $68.51 per barrel. The international benchmark, Brent Crude, was trading higher by 1.19%, and returned above the $70 a barrel mark, at $70.39. The European Union lowered the price cap on Russian crude oil to $47.60 from $60 per…Weiter zum vollständigen Artikel bei OilPrice.com

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