![Traders on the floor of the New York Stock Exchange. Investors are expecting a proposed price cap on Russian oil to further tighten oil markets. AFP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/BHZO7RBNMN5ZKH6HWLHYZT4LYY.jpg?smart=true&auth=afa1f2217e38dc71780f73bb7ae046ee952f07a9c44a54a2afcca401490e30f8&width=400&height=225)
Traders on the floor of the New York Stock Exchange. Investors are expecting a proposed price cap on Russian oil to further tighten oil markets. AFP
Traders on the floor of the New York Stock Exchange. Investors are expecting a proposed price cap on Russian oil to further tighten oil markets. AFP
Oil prices surge to 2-month high on hopes China will ease Covid restrictions
The Group of Seven advanced economies will finalise the implementation of the price cap 'in the coming weeks'