Raised Oil Prices Following OPEC+ Decision Spell Out Continued Inflation

Relations between the United States and Saudi Arabia are weakened in response to OPEC+’s output cut last week. While the Biden Administration has encouraged Saudi Arabia’s oil production, the group decided to reverse its policy of gradually increasing production. OPEC+’s decision will incur numerous consequences. This involves an increasing already-inflated oil prices and tightening the already limited production of oil. Oil prices have […]