 "Oil, Crude oil, Oil prices")
On Monday, Group of Seven nations imposed a cap on the price of Russian oil. The measure’s debut has been glitchy.
The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and — from Moscow — a threat of retaliation.
It requires anyone wanting to access key G-7 services including insurance to pay $60 a barrel or lower for Russian crude. That’s well above where the nation’s main grade currently trades, but far below global benchmark oil prices.
As the cap enters its third day,
