EU nations sought to push the cap across the finish line after Poland held out to get as low a figure as possible, diplomats said Thursday. The $60 figure would mean a cap near the current price of Russia’s crude, which fell this week below $60 per barrel. It is a big discount to international benchmark Brent, which traded at about $87 per barrel Thursday, but could be high enough for Moscow to keep selling even while rejecting the idea of a cap. Oil is the Kremlin’ main pillar of financial revenue and has kept the Russian economy afloat so far despite export bans, sanctions and the freezing of central bank assets. Russia exports roughly 5 million barrels of oil per day. If it fails or Russia retaliates, energy prices worldwide could skyrocket. . . .
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