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The US and its allies are getting close to a price cap on Russian oil – which could slash Moscow's revenues yet send crude soaring


The US and its G7 allies plan to meet Friday to discuss putting a limit on the price of Russian oil, a move that could cut the revenue flowing into Moscow’s coffers — but risks sending crude prices soaring. The countries’ finance ministers are expected to endorse the US-led price-cap plan and sign …

Read more at markets.businessinsider.com

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