Quantum Commodity Intelligence – Crude oil futures in European hours on Thursday drifted lower after EU members failed to agree on a level for Russia’s price cap, while discussions continue on Thursday on the more hopeful note that a compromise has been found becomes.

The front month January ICE Brent futures traded at $84.75/b (1140 GMT) compared to $85.14/b on Wednesday. Brent was trading around $89.50/b ahead of Wednesday’s report of higher price cap proposals.

Simultaneously …

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