oil futures extended a rise friday morning after the group of seven finance ministers agreed to a plan to cap prices on russian crude exports an effort to punish moscow for the invasion of ukraine todays action will help deliver a major blow for russian finances and will both hinder russias ability to fight its unprovoked war in ukraine and hasten the deterioration of the russian economy said us treasury secretary janet yellen in a statement west texas intermediate crude for october delivery cl1 clv22 was up 226 or 27 at 8887 a barrel on the new york mercantile exchange