Russian oil price cap, EU ban aim to limit Kremlin war chest


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FRANKFURT, Germany — Oil prices rose Monday as the first strong measures to limit Russia’s oil profits over the war in Ukraine took effect, bringing with them uncertainty about how much crude could be lost to the global economy through the new sanctions or Russian retaliation.

International benchmark Brent crude rose 2% to $87.30 per barrel, a day after the OPEC+ alliance of oil producers, including Russia, made…



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