U.S. urges caution on low-quoted Russian oil prices as EU debates price cap
The Biden administration broke its silence on Wednesday on European Union deliberations over a $65-70 per barrel Russian oil price cap on Wednesday, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.
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### Instruction: U.S. urges caution on low-quoted Russian oil prices as EU debates price cap

### Response: The Biden administration broke its silence on Wednesday on European Union deliberations over a $65-70 per barrel Russian oil price cap on Wednesday, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.