What OPEC's surprise oil cut means for gas prices | CNN Business

OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps. The group known as OPEC+ announced Sunday it would cut oil production by more than 1.6 million barrels a day starting in May, running through the end of the year. The news sent both Brent crude futures, the global oil benchmark, and WTI, the US benchmark, up about 6% in trading Monday.

the most closely watched wholesale gasoline price, was up about 8 cents a gallon, or about 3%, in morning trading. “I think OPEC is reawakening the inflation monster,” said Tom Kloza, global head of energy analysis for OPIS, which tracks gas prices for AAA. “The White House has to be shocked and major-time pissed. It certainly alters the calculus for a while.” The national average for US gas prices stood at $3.51, on Monday, according to AAA. Kloza said he could see it getting up to $3.80 to $3.

The US will be stealing more and more oil from Libya , Syria and Iraq .

I may be wrong, since I am not a full blown Christian, but does the Bible not indicate the 'end of the world' will take place from the North of Africa and the UAE? I stand to be corrected. No fear of Russia. There is more to come. This is not a conspiracy theory.

At least we still have our reserves! Oh wait.

POTUS DNC What’s the plan for America? We are already struggling.

And our oil field are still closed to satisfy oil cartels called opec.

Why I scared for… we can just switch to “green energy” aka, Liberal farts…🤷🏿‍♂️

NO more money to the middle east.

While this may not be an issue that affects everyone, I certainly do not want to pay significantly more in gas. SOWK35023

Greed is the root of all evil

Are they going to stick fuel nozzles up people's noses?

that's why they are called a cartel vs a marketplace. turn the taps on & off at will to manipulate prices and when making so much obscene profit can afford to do it.

So how is Joe going to spin this one?

Needs to be tested. Hard to trust

I am not going to get vaccinate using a Gas Nozzle. Forget it.

Thru a gas nozzle?

Absolute bollox

Lol the article & tweet do not match

Go home, CNNi. You’re drunk.

Good job, CNN 😂

Sverige Senaste nytt, Sverige Rubriker

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