Japan’s Kihara: Russian oil price cap to be discussed amoung G7

Dhwani Mehta FXStreet

Japanese Deputy Chief Cabinet Secretary Seiji Kihara said in a statement on Wednesday, the “actual price cap figure for Russian oil will be discussed as necessary among G7 members.”

“G7 agreed to discuss the price cap, and PM Kishida's comments were based on that agreement,” he added.

Market reaction

WTI was last seen trading flat at $98.05, having faced rejection above the $100 mark.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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