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.
