Quantum Commodity Intelligence – Crude oil futures were slightly lower in European early hours on Thursday after EU members failed to agree on a level for Russia’s price cap, while discussions are expected to resume later on Thursday.
Front month January ICE Brent futures traded at $84.82/b (0845 GMT) compared to Wednesday’s settlement at $85.41/b. Brent was trading around $89.50/b before proposals for a higher price cap were announced.
At the same time, NYMEX WTI was trading at $77.63/b on Jan 23…
