Reports that the US is lobbying OPEC+ nations not to cut oil output (... well, d'uh)<p>Reuters citing a 'source familiar with the matter' says that the US is pushing OPEC+ nations not to proceed with an oil output cut. </p><p>Arguing that economic fundamentals do not support a cut.</p><p>---</p><p>It does seem obvious that the US would be doing this. The last thing US President Biden wants is for gasoline prices to begin rising again. </p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Reports that the US is lobbying OPEC+ nations not to cut oil output (... well, d'uh) (https://forexlive.com/news/reports-that-the-us-is-lobbying-opec-nations-not-to-cut-oil-output-well-duh-20221004/https://forexlive.com/news/reports-that-the-us-is-lobbying-opec-nations-not-to-cut-oil-output-well-duh-20221004/)
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