US looking at OPEC options over oil cut: break up the cartel, WTO charges, asset seizure<p>This piece in the Wall Street Journal ICYMI, with US members of congress and the administration looking at what can be down tih OPEC. </p><ul><li>U.S. lawmakers are pushing bills that aim to break up the cartel; charge it in front of the World Trade Organization; or even seize assets its members own in the U.S.</li><li>The White House ... threatened to join Congress in efforts to loosen the cartel's power over energy prices--a move which analysts say could lead the U.S. to curb overseas exports.</li></ul><p>Here is the link to the Journal piece for more (may be gated):</p><ul><li><a href="https://www.wsj.com/articles/opec-decision-to-cut-oil-output-prompts-u-s-to-weigh-options-11665057275?mod=hp_lead_pos4" target="_blank" rel="nofollow">Biden Weighs Options After OPEC+ Moves to Cut Oil Output</a></li></ul>
This article was written by Eamonn Sheridan at forexlive.com.
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