Von Der Leyen

From Von Der Leyen:

  • We are ramping up pressure on Russia with 18th package of sanctions
  • Sanctions target energy and banking
  • Proposes restrictions on Nord Stream pipeline

The current price cap is $60, though its effectiveness and enforcement is spotty. Brent is currently trading at $67.26.

Crude looks like it could be breaking out today, as it clears a double top.

Source: Forex Live