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White House stands by calls for OPEC+ to do more on oil prices -official By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: The brand of the Organisation of the Petroleum Exporting Nations (OPEC) sits exterior its headquarters forward of the OPEC and NON-OPEC assembly, Austria December 6, 2019. REUTERS/Leonhard Foeger

WASHINGTON (Reuters) – The White Home stands by its requires oil-producing nations to “do extra” to assist the worldwide financial restoration, an official mentioned on Monday as crude costs hit multi-year peaks.

The administration official mentioned they’re carefully monitoring the price of oil and gasoline and are “utilizing each software at our disposal to deal with anti-competitive practices in U.S. and world power markets to make sure dependable and secure power markets.” They’ve raised the priority at a senior degree with a number of members of the OPEC+ alliance, in keeping with the official.

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