Biden downplays OPEC+ oil output cut

Biden downplays OPEC+ oil output cut

U.S. President Joe Biden said on Monday the OPEC+ oil production cut announced over the weekend was "not going to be as bad as you think," TurkicWorld reports citing Reuters.

Biden was asked about the OPEC+ move, which caused a jump in oil benchmark prices on Monday, as he boarded Air Force One in Minnesota for the return trip to Washington after touring a factory.