European official:

  • US was not convinced about lowering G7 oil price During G7 finance meeting.
  • US position was that oil prices are going down, and already hurting Russia.
  • US does not exclude idea of lowering price Level, discussions will continue.

Crude oil prices are trading down $0.42 at $61.16. The low price today reached $60.27. The high price is at $61.71.

Source: Forex Live