A surprise OPEC oil production cut is an ‘unconstructive act’ that will add uncertainty to the global growth outlook and to burdens on consumers at a time of high inflation,” US Treasury Secretary Janet Yellen on Monday per Reuters.
"I think it's a regrettable action that OPEC decided to take. I'm not sure yet just what the price impact will be. I think we need to wait a little longer for, you know, to really assess that," Yellen told reporters after an event at Yale University.
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