The U.S. Calls On OPEC+ To Boost Production As Gasoline Prices Soar

Oil prices dipped early on Wednesday after the White House called on the OPEC+ group to increase oil production more than they had planned in order to tame rising gasoline prices that could derail the global economic recovery. OPEC and its Russia-led allies had already agreed to ease their collective cuts by 400,000 barrels per day (bpd) every month beginning this month as demand is picking up after last year’s lockdowns.   Following the public pressure from the United States on OPEC+ to raise oil supply, oil prices slumped early on…