WSJ News Exclusive | EU Asks Members to Set Russia Oil-Price Cap at $60
The price cap is the West’s attempt to squeeze the Kremlin’s oil revenues while keeping oil supplies steady and avoiding an increase in global energy prices.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: WSJ News Exclusive | EU Asks Members to Set Russia Oil-Price Cap at $60

### Response: The price cap is the West’s attempt to squeeze the Kremlin’s oil revenues while keeping oil supplies steady and avoiding an increase in global energy prices.