U.S. Markets closed
  • S&P Futures

    4,282.25
    -4.25 (-0.10%)
     
  • Dow Futures

    33,960.00
    -21.00 (-0.06%)
     
  • Nasdaq Futures

    13,512.00
    -11.25 (-0.08%)
     
  • Russell 2000 Futures

    1,997.90
    -3.80 (-0.19%)
     
  • Crude Oil

    90.58
    +0.08 (+0.09%)
     
  • Gold

    1,770.20
    -1.00 (-0.06%)
     
  • Silver

    19.39
    -0.08 (-0.41%)
     
  • EUR/USD

    1.0084
    -0.0008 (-0.0807%)
     
  • 10-Yr Bond

    2.8800
    -0.0130 (-0.45%)
     
  • Vix

    19.56
    -0.34 (-1.71%)
     
  • GBP/USD

    1.1917
    -0.0016 (-0.1335%)
     
  • USD/JPY

    136.1420
    +0.2800 (+0.2061%)
     
  • BTC-USD

    23,092.29
    -311.60 (-1.33%)
     
  • CMC Crypto 200

    548.81
    -8.92 (-1.60%)
     
  • FTSE 100

    7,541.85
    +26.10 (+0.35%)
     
  • Nikkei 225

    28,942.14
    0.00 (0.00%)
     

White House: OPEC+ unwilling to use power at critical point for economy

·1 min read

WASHINGTON, Nov 4 (Reuters) - The White House on Thursday criticized a decision by top oil producers to keep oil output steady, saying OPEC and its allies appeared "unwilling" to use their power to help the global economic recovery.

"Our view is that the global recovery should not be imperiled by a mismatch between supply and demand," said a spokesperson for the White House's National Security Council. "OPEC+ seems unwilling to use the capacity and power it has now at this critical moment of global recovery for countries around the world." The spokesperson said the Biden administration will consider using its full range of tools to bolster energy market resilience. (Reporting by Trevor Hunnicutt)