By Peter Nurse – Oil prices fell on Thursday, continuing the sell-off from the previous session as the market digests the possibility of a higher-than-expected price cap for Russian crude.

As of 04:40 ET (09:40 GMT), US crude futures were trading 0.2% lower at $77.81 a barrel, while the Brent contract was down 0.2% at $85.27. Both contracts fell over 3% on Wednesday and settled at their weakest levels since late September.

Heavy on the crude oil market was the news that the Group of Seven…

Source link