Reported 6 months ago
OPEC's decision to increase oil production could help stabilize gasoline prices until the end of the year, potentially benefiting US President Joe Biden ahead of the election. The move is expected to keep a lid on gas prices, which voters often use as an indicator of economic well-being. Despite the temporary relief, analysts warn that price gains are still possible later in the year due to expected demand growth and ongoing geopolitical tensions in the Middle East.
Source: YAHOO