A growing number of geopolitical and investing experts are now warning that Biden’s release of oil reserves was a blunder. The fear? OPEC+ still holds the key to production and should they the Middle East attempt to test Biden by limiting supply, oil could very well go to $100.
Last week, President Joe Biden announced releasing 50 million barrels from U.S. strategic reserves, in order to curb oil prices. What is more, the U.S. would release its reserves together with China, India, Japan, South Korea, and the UK.
While many may have expected oil prices to drop, they instead rose, after […]
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