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What’s the Price of Russian Oil? It’s Complicated

What’s the Price of Russian Oil? It’s Complicated

Will the price cap on Russian oil really matter? It depends on the price of a barrel of Russian crude—and that's where things get complicated. New sanctions bar companies from insuring, trading, transporting or funding Russian crude shipments [above a $60-a-barrel ceiling](https://www.wsj.com/articles/eu-g-7-wait-on-poland-to-advance-with-russian-oil-price-cap-11669983529). Some analysts say the cap is toothless because it is above the price of Urals, Russia’s main grade of oil. U.S. officials h