U.S. Treasury Secretary Janet Yellen indicated on Monday that OPEC+'s unexpected decision to cut oil production is "an unconstructive action" that could exacerbate uncertainty regarding global growth forecasts and burden consumers amid rising inflation. Yellen added, "I think it is an unfortunate move by OPEC. I'm not sure yet of the impact on prices. I believe we need to wait a little longer to realistically assess the situation."
U.S. Treasury Responds to OPEC+ Decision
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