European Union diplomats are set to meet Friday evening to see if they can hammer out a final deal on a price level to cap Russian oil exports, according to people familiar with the matter. The bloc has been locked in a fight over how strict the price cap, which would be implemented with the Group of Seven, should be. Countries like Poland objected to the EU executive arm’s proposal to set a $65 per barrel limit, saying it was too generous to Russia. Other nations, including Greece, don’t want to go below that level. “If you put the price cap too high, it doesn’t really bite,” European Commission Vice President ... (full story)