September Urals oil prices climb $7-8/barrel above price cap, calculations show

Prices for September Urals crude oil firmed to $67-$68 per barrel on a free-on-board basis in Russian Baltic and Black Sea ports, $7-8 per barrel above the $60-per-barrel western price cap, Reuters calculations based on traders’ data showed on Tuesday. The U.S., other Group of Seven countries and Australia imposed the cap last year, seeking ...