Saudi Move Boosting Oil Prices Raises Political Risk for Biden
WATCH: Oil Climbs as Saudi Arabia Extends Production Cuts
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, energy policy reporter Ari Natter looks at the political implications of Saudi Arabia’s decision on oil production. Sign up here and follow us at @bpolitics. Email our editors here.
Saudi Arabia’s surprise move to extend its oil production cut couldn’t come at a worse time for President Joe Biden.