From Von Der Leyen:
- We are ramping up pressure on Russia with 18th package of sanctions
- Sanctions target energy and banking
- Proposes restrictions on Nord Stream pipeline
The current price cap is $60, though its effectiveness and enforcement is spotty. Brent is currently trading at $67.26.
Crude looks like it could be breaking out today, as it clears a double top.
This article was written by Adam Button at www.forexlive.com.
