Crude oil edges up as G7 mulls price cap for Russian imports by admin- Tuesday, June 28th, 2022 07:43:20 AM
The organization might also put curbs on shipping and insurance, permitting sale of merchandise beneath threshold charge
Crude oil futures edged up on Monday morning amidst reports of G7 nations pushing for a charge cap mechanism for the import of Russian crude oil.
At 10.02 am on Monday, August Brent oil futures had been at $113.32, up with the aid of zero.17 in line with cent, and August crude oil futures on WTI have been at $107.64, up by means of 0.02 per cent.
July crude oil futures were trading at ₹eight,439 at the Multi Commodity Exchange (MCX) within the initial hour of Monday morning, against the preceding close of ₹eight,384, up with the aid of 0.66 per cent; and August futures were buying and selling at ₹eight,225, as in opposition to the preceding close of ₹8173, up by way of zero.Sixty two consistent with cent.