REUTERS NEXT: U.S. Treasury's Adeyemo says $60 oil price cap will limit Russia's revenues

NEW YORK (Reuters) - A tentative European Union deal for a $60-a-barrel price cap on Russian oil is in the range of potential price levels that the U.S. Treasury has discussed and would limit Russian oil revenues, U.S. Deputy Treasury Secretary Wally Adeyemo told Reuters NEXT on Thursday.

Adeyemo said that he believes that EU member countries will finalize the price cap agreement because they have consistently applied sanctions to punish Russia for its invasion of Ukraine.

(Reporting by David Lawder)