![U.S. Treasury says oil price cap ‘institutionalizing’ Russian crude discounts](https://dailytalks.org/wp-content/uploads/2022/12/17095-us-treasury-says-oil-price-cap-institutionalizing-russian-crude-discounts.jpg)
The European Union’s agreed $60 per-barrel price cap on Russian seaborne crude oil will keep global markets well supplied while “institutionalizing” discounts created by the threat of such a limit, a senior U.S. Treasury official said on Friday.
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