Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
16 June 2025 | Oil

US opposes lower Russian oil price — Bloomberg

Brent
WTI Light Crude Oil
US opposes lower Russian oil price — Bloomberg

According to Bloomberg sources, the US government maintains its stance and refuses to lower the price cap on Russian oil sales. This position dampens the EU's hopes for reaching an agreement to reduce the cost of Russian energy supplies during the upcoming G7 summit in Canada.

The final decision rests with US President Donald Trump. Meanwhile, EU countries and the UK are pushing to lower the oil price ceiling from the current $60 to $45 per barrel, the news agency reports.

Amid growing global geopolitical tensions, WTI crude oil prices surged over 7% in the past 24 hours, settling around $74 per barrel. This marks the most significant single-day increase since March 2022.

Elizaveta Kuzmicheva MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 202.2K to 206.5K
17 April
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 545 to 543
17 April
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 411 to 410
17 April
United States. Crude Oil Inventories. The value of the indicator has decreased from 3.081M to -0.913M
15 April
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 0.024M to -1.727M
15 April
Top news
European Union. Manufacturing PMI. The value of the indicator has increased from 51.6 to 52.2
Yesterday at 1:45 PM
European Union. Trade Balance. The value of the indicator has increased from -1B to 11.5B
17 April
European Union. CPI (MoM). The value of the indicator has increased from 1.2% to 1.3%
16 April
United States. PCE price index (YoY). The value of the indicator remained at the same level of 2.8%
9 April
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 3.1% to 3%
9 April
All news

Forecasts

AUDCAD buy
Period: 08.05.2026 Expectation: 800 pips
Investing in AUDCAD with 0.98500 in sight
FA Other Indicators and reports Chart analysis Hot news
Today at 11:06 AM 16
Reed_Marcus
Brent buy
Period: 01.05.2026 Expectation: 700 pips
Brent crude is correcting amid pre-weekend profit-taking
FA Other Technical analysis TA Other Indicators Fundamental analysis
Today at 11:03 AM 29
Lyra_Moonwell1
GBPUSD sell
Period: 24.06.2026 Expectation: 4600 pips
Selling GBPUSD ahead of BoE meeting
FA Other Indicators and reports Chart analysis Hot news
Today at 08:48 AM 21
Sinclair_John
S&P 500 sell
Period: 30.04.2026 Expectation: 750 pips
SPX sell-off targets 7,050
FA Other TA Other
Today at 08:33 AM 16
McCarthy_Raymond
USDCAD buy
Period: 01.05.2026 Expectation: 840 pips
USDCAD is poised to take breather by week’s end before resuming its rise
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
Today at 08:20 AM 16
Emily_Foster
USDJPY sell
Period: 30.04.2026 Expectation: 1150 pips
Selling USDJPY down to 158.500 as resistance looms
FA Other Technical analysis TA Other Indicators Fundamental analysis
Yesterday at 10:16 AM 26
Lyra_Moonwell1
Go to forecasts