When oil prices surged during Donald Trump’s term in the White House, OPEC and its allies had to brace for a Twitter storm demanding action to bring prices down. That has all changed under U.S. President Joe Biden, Reuters reported exclusively. His team barely uttered a word this month when crude soared to more than $70 a barrel, an almost 40% rise from the start of 2021. “Biden’s people are busy on other fronts, like fighting the pandemic,” a Reuters’ OPEC source said.
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