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

3 November 2026, 7:19 PM

Daily Summary: Chips lift Wall Street on Election Day, oil drops amid progress in negotiations (03.11.2026)

3 November 2026, 4:32 PM

US Open: Lower oil prices boost indices, markets await Midterms results (03.11.2026)

3 November 2026, 8:33 AM

Gold loses almost 1% 📉

3 November 2026, 7:00 AM

Morning wrap: Stock Indices Fall Again 🚩 Oil Tries To Rebound Following US Strike on Iran’s Qeshm Island (03.11.2026)

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