The recent move by OPEC+ to decrease oil output came at the “worst possible moment” and will have “wide-ranging” impacts, according to a U.S. official. On Oct. 5, OPEC+, an alliance of oil-producing nations led by Saudi Arabia and Russia, reduced their oil output target for November by 2 million barrels per day. During her…

The recent move by OPEC+ to decrease oil output came at the “worst possible moment” and will have “wide-ranging” impacts, according to a U.S. official. On Oct. 5, OPEC+, an alliance of oil-producing nations led by Saudi Arabia and Russia, reduced their oil output target for November by 2 million barrels per day. During her…