The United States plans to release more oil from reserves in an effort to keep costs low after the OPEC+ announced it will cut 2 million barrels a day from production starting in November, reports ABC News. 

“The president is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine,” the White House said in a statement from national security adviser Jake Sullivan and National Economic Council Director Brian Deese.

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