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

11 September 2026, 7:07 PM

🔴Daily summary: Wall Street ignores hawkish inflation, oil falls sharply despite geopolitical tensions

11 September 2026, 5:20 PM

⚠️Three Markets to Watch Next Week (11.09.2026)

11 September 2026, 1:36 PM

Breaking: Time for a tough call for Fed as monthly hotter Core CPI tests market expectations

11 September 2026, 12:10 PM

🟡Gold Rebounces Ahead of CPI

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