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Oil rises after Russia says it could cut output due to price cap

Oil rises after Russia says it could cut output due to price cap
# 23 December 2022 19:47 (UTC +04:00)

Oil prices rose by $2 per barrel on Friday after Moscow said it could cut crude output in response to the G7 price cap on Russian exports, putting the market on track for a second week of gains, APA reports citing Reuters.

Brent crude was up by $2.02, or 2.5%, to $83 a barrel at 10:06 a.m. EDT (1506 GMT), while U.S. West Texas Intermediate (WTI) crude was at $79.72 a barrel, up $2.23, or 2.9%.

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