Russia's economy is in shambles and its oil exports are collapsing — but its crude oil just smashed a crucial price cap
These production cuts prop up oil prices as demand outsizes supply, an unnamed European oil trader told S&P.
The benchmark US West Texas Intermediate crude oil futures were up 0.2% at $75.90 a barrel at 2.29 ET on Thursday. The global benchmark Brent crude oil prices were up 0.3% at $80.33 a barrel.Subscribe to push notifications
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