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Oil-rich nations may respond to Biden's attempt to cut gas prices by hoarding their stock to keep prices high at the pump

13 days ago   |   By Business Insider

President Joe Biden delivers remarks on the passage of the Bipartisan Infrastructure Bill in the State Dining Room of the White House on Saturday, Nov. 6, 2021. (Kent Nishimura / Los Angeles Times via Getty Images
Key OPEC nations are weighing a halt to efforts to ramp up oil production, the WSJ reported.
It comes a day after the US and other nations announced they'd be tapping strategic oil reserves to relieve high prices.
The brewing rivalry could keep gas prices at 7-year highs.
A new rivalry is brewing in the oil market, and its keeping gas prices at seven-year highs. Saudi Arabia and...
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