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10/7, 7:47 PM (Source: TeleTrader)
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Biden: Russians, Saudis causing gasoline prices to rise

United States President Joe Biden said on Friday that the recent action taken by "the Russians and Saudis" is causing gasoline prices to rise.

"I was able to bring gasoline [prices] down well over $1.60 but it's inching up because of what the Russians and the Saudis just did," Biden stated. "I am not finished with that yet," he added.

On Wednesday, OPEC+, led by Russia and Saudi Arabia, decided to cut their oil production by two million barrels per day starting from November, in a move Biden earlier referred to as "unnecessary."

Baha Breaking News (BBN) / NP