OPEC+ is due to meet next week, but so far prices have yet to fall despite Biden’s plan.
Oil prices held steady Thursday after OPEC announced that a planned release of reserves around the world could increase supply in early 2022, Bloomberg earlier reported. Futures contracts traded near $78 per barrel, after the Organization of Petroleum Exporting Countries’ (OPEC) Economic Commission Board made the prediction. On Tuesday, US President Biden announced the release […]