Commodity markets

Europe agrees to cap the price of Russian oil at $60 a barrel

London CNN Business — The European Union has reached a consensus on the price at which to cap Russian oil just days before its ban on most imports comes into force. News of the deal, which had needed approval from Holdout Poland, was confirmed on Twitter by the president of the European Commission, Ursula von …

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Europe agrees to cap the price of Russian oil at $60 a barrel

London CNN Business — The European Union has reached a consensus on the price at which to cap Russian oil just days before its ban on most imports comes into force. News of the deal, which had needed approval from Holdout Poland, was confirmed on Twitter by the president of the European Commission, Ursula von …

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US oil price lowest in nearly a year, gas down 6% in a month

London CNN Business — US oil prices have fallen to their lowest level since December 2021 on concerns that protests in China against Covid-19 lockdowns will dent demand. West Texas Intermediate crude oil futures, the US benchmark, slid 2.7% on Monday to trade close to $74 a barrel, a level last reached in December 2021. …

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China markets tank as protests erupt over Covid lockdowns

Hong Kong CNN Business — China’s major stock indices and its currency have opened sharply lower Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled investor sentiment. Hong Kong’s Hang Seng (HSI) Index fell as much as 4.2% in early trading. It has since pared some losses and last traded …

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