U.S. President Biden says Russian oil price cap in play

U.S. President Biden says Russian oil price cap in play By Reuters

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Commodities 4 minutes ago (Nov 24, 2022 10:45AM ET)

(C) Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks about the student loan forgiveness program from an auditorium on the White House campus in Washington, U.S., October 17, 2022. REUTERS/Leah Millis/File Photo

NANTUCKET, Massachusetts (Reuters) – President Joe Biden said on Thursday a price cap on Russian oil being proposed by the United States and its Western allies was in play, adding that he had spoken to Treasury Secretary Janet Yellen on the issue.

“It’s in play,” Biden told reporters during a Thanksgiving holiday visit to a fire station on Nantucket Island.

U.S. President Biden says Russian oil price cap in play

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