US Treasury Sec. Yellen and UK Finance Minister Zahawi discussed Russian oil price cap
|US Treasury Secretary Janet Yellen and UK Finance Minister Nadhim Zahawi had a telephonic call early Wednesday.
Both top diplomats reportedly discussed the proposed cap on the Russian oil price, and other sanctions-related matters.
Market reaction
WTI was last seen trading lower by 0.63% on the day at $94.20. Recession fears continue to dent the demand for higher-yielding oil.
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