PoliticsMiddle EastNorth America

Global Oil Prices Surge After Biden Fails to Secure Oil Output Deal with Saudi Arabia


Oil prices jumped by several percentage points on Monday after Joe Biden returned from his Saudi Arabia trip without getting firm assurances from Arab allies to boost crude supplies amid a severe shortage caused by sanctions on Russia. All major benchmarks were higher on Monday morning, with Brent crude, a benchmark for purchases on global financial markets, rising more than four percent to $105 per barrel, bringing the prices back to above $100 after several months. On the second leg of his maiden West Asia tour, Biden joined leaders of several OPEC countries in the Saudi port city of Jeddah…

This content is for Q17c Membership, Classified Membership, and LifeTime Patriot Membership members only.
Login Join Now
QNavy is a pool of 3 former Navy Officers, U.S. Navy & French Navy, who served proudly their countries, specialized in conflict analysis as per their respective skills & experience on Special Ops. #NavyVetUnited

‘Discontented Moderates to Play Key Role in Midterms, Likely Hand House to Republicans’, Analysts Say

Previous article

Final Wakeup Call: The Fraud, Forgery of Economic Cycles

Next article

You may also like


Comments are closed.

More in Politics