US was not convinced about lowering G7 oil price cap during G7 finance meeting

European official:

• US was not convinced about lowering G7 oil price During G7 finance meeting.
• US position was that oil prices are going down, and already hurting Russia.
• US does not exclude idea of lowering price Level, discussions will continue.

Crude oil prices are trading down $0.42 at $61.16. The low price today reached $60.27. The high price is at $61.71.

This article was written by Greg Michalowski at www.forexlive.com.