OPEC+ production cuts complicate global growth and US oil supply.
TL;DR Summary
Treasury Secretary Janet Yellen criticized the unexpected oil production cut announced by OPEC+ as an "unconstructive act" that will create more uncertainty for the global economy and complicate efforts to bring down inflation. Yellen said the move is "not positive" for global growth and will weigh on the global economy amid persistent inflation. The latest cuts are in addition to the 2 million barrels per day output cuts OPEC+ announced in October.
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