Europe’s decision to enforce a price cap of $60 per barrel on Russian oil to drive down the country’s oil revenues without causing a surge in prices is theoretically bearish, said Mitsubishi UFJ Financial Group, Inc. (MUFG), a Japanese bank holding and financial services firm. “We have been skeptical on the practicalities of its success,” said MUFG’s Global Markets Research wing. MUFG draws three key conclusions of what could transpire ...