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Reports that the US is lobbying OPEC+ nations not to cut oil output (... well, d'uh)

Started by forex4you, Oct 05, 2022, 06:34 am

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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)

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