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#biden #rSaudi #europe
OPEC+ announced a decision to sharply cut oil production to boost sagging petroleum prices. The cut will likely lead to higher gas and energy prices in the U.S.
OPEC cuts oil production by 2 million barrels per day driving up price$.
OPEC and its allies led by Russia slashed oil production by 2 million barrels per day. The move is expected to drive up oil prices and boost export revenue for members of the cartel. The US has responded by accusing OPEC of aligning with Russia.
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