As the Group of Seven (G7) and European Union announced a plan to set a price cap on Russian oil of $60 per barrel, set to take effect on Dec. 5, 2022, it is evident that the energy crisis is far from over.
Ahead of the OPEC + meeting this Sunday to discuss its oil production policy, the European Union decided to ban all maritime transports of imported Russian oil on Monday.
Ken Fisher founded Fisher Asset Management in 1979, and now has north of $197 billion in assets under management, with more than 100,000 clients around the world.