EU’s Dombrovskis: Ministers put forth proposals on further Russian sanctions

From Dombrovskis:

• G7 ministers put forth proposals on next package of EU sanctions on Russia oil price cap adjustments
• There was a suggestion to lower oil price cap to $50/barrel
• G7 did not go into in-depth discussion on Russian sanctions

WTI crude is 71-cents lower today after an earlier report saying that OPEC will accelerate the return of barrels once again next month.

This article was written by Adam Button at www.forexlive.com.