BREAKING: Oil jumps as west plans to introduce price cap on Russian oil

Oil prices rose around 2.0% on Tuesday as WSJ reported that the G7 and the EU plan to introduce a cap on Russian oil prices tomorrow, in order to punish the Kremlin for its invasion of Ukraine. The price could oscillate in the region from $60 per barrel to $70 per barrel. Nevertheless disputes between EU members could still prevent approval.

OIL.WTI managed to break above local resistance at $81.20, which is marked with previous price reactions and if current sentiment prevails, buyers may test major resistance at $83.30. Source: xStation5

9 September 2026, 7:02 PM

Daily summary: Wall Street falls as oil prices rise 🚩 10-year Treasury yields hit their highest level since 2023

9 September 2026, 6:25 PM

EIA raises oil price forecasts 🍳 What did the STEO report show?

9 September 2026, 4:15 PM

📈 Oil climbs above $100

9 September 2026, 1:57 PM

European TTF gas futures hit highest level since 2022 as inventories remain low ahead of winter

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