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OPEC+ Production Cut Poses New Threat to Biden as Election Nears

  • ‘Higher prices are bad news for Democrats,’ analyst says
  • Limited options include more oil reserve releases, export bans
Bloomberg business news
OPEC+ Must Do Something, They Have No Choice: Fesharaki

Amid what would become a 98-day streak of declines, President Joe Biden was quick to take credit in August over one of his most serious political foes: high gasoline prices.

It was a victory lap that may soon prove premature.