“Russia won’t supply Oil under price cap in any case,” the country’s Deputy Prime Minister Alexander Novak said on Tuesday.

Novak said: “Russia, Kazakhstan and Uzbekistan are discussing gas union for shipments, including to China.”

Market reaction

Novak’s comments join the upbeat market mood, lifting WTI 2.5% to trade at around the $79 mark, at the press time.

This article was originally published by Fxstreet.com.Read the original article here.

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