Oil gained on Friday, cutting some of the week's losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven nations on Russian oil.Brent crude futures traded around $86.00 a barrel.
G7 and European Union diplomats have been discussing a price cap on Russian oil of between $65 and $70 a barrel, with the aim of limiting revenue to fund Moscow's military offensive in Ukraine without disrupting global oil markets, according to Reuters.Cryptocurrency prices for Bitcoin, Ethereum rise and Dogecoin slides on FridayFor the week, Bitcoin has lost less than 1%.Ethereum was trading around $1,100, after trading little changed for the week.
A lawsuit challenging the deal is not guaranteed, and the FTC’s four commissioners have yet to vote out a complaint or meet with lawyers for the companies.At the center of the FTC’s concerns is whether acquiring Activision would give Microsoft an unfair boost in the video game market.
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