EU’s Energy Chief Simson: A deal on the gas price cap is within reach

Kadri Simson, the European Commissioner for Energy, said in a statement on Monday, “I believe a deal on the gas price cap is within reach.”

Meanwhile, European Council President noted that “I believe the gas price cap amount to be under €200.”

Market reaction

WTI is testing daily lows near $74 on theese above comments. The US oil is down 0.48% on the day.