EU asks all members to set Russia oil-price cap at $60
The Wall Street Journal reports: The European Commission has asked the bloc’s 27 member states to approve a price cap on Russian oil of $60 a barrel, according to people familiar with the matter. The cap by the European Union’s executive body would set Russian crude prices significantly below the international benchmark, called Brent, which traded at about $88 a barrel Thursday. If the EU agrees on the level, the Group of Seven nations need to sign off on it….