US Treas Sec Yellen says OPEC+ oil output cut is not positive for global growth

US Treasury Secretary Yellen

• OPEC+ production cut ‘very unconstructive act,’ clearly not positive
  for global growth
• Lower gasoline
  prices have helped with holding down inflation
  Inflation
  
  Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
  
  Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
  Read this Term, OPEC+ move will not
  help
• OPEC+ move adds to
  uncertainty and burdens on consumers at a time when inflation is
  already high
• She does not see
  OPEC+ as having impact on appropriate level of western price cap on
  Russian crude oil
  Crude Oil
  
  Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk,
  
  Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk,
  Read this Term, now at $60/barrel
• She does not believe
  it is appropriate at this time to change level of Russian oil price
  cap, could be revisited
• Russian price cap is
  working, has led to large and widening discounts on Russian crude