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Oil prices have fallen slightly in the wake of signals that the US wants to intervene – policy

Oil prices fell on Tuesday evening after a previous uptrend. Energy traders were shocked by the signs of a possible US government intervention that would do everything possible to curb inflation.

The White House is under increasing pressure to cut costs for Americans, such as energy costs. For example, US President Joe Biden did not tax oil companies for making too much profit. Democrat Senator Ron Wheaton wants to propose an additional corporate income tax of up to 42 percent. The news comes shortly after the announcement that Biden would travel to Saudi Arabia next month to discuss energy production. The United States has repeatedly called on oil cartel countries to increase production. This was previously limited to sliding prices.

U.S. oil fell 2 percent to $ 118.55 a barrel on Wall Street on Tuesday. Brent oil was 1.2 percent cheaper at $ 120.86 a barrel.

The White House is under increasing pressure to cut costs for Americans, such as energy costs. For example, US President Joe Biden did not tax oil companies for making too much profit. Democrat Senator Ron Wheaton wants to propose an additional corporate income tax of up to 42 percent. The news comes shortly after the announcement that Biden would travel to Saudi Arabia next month to discuss energy production. The United States has repeatedly called on oil cartel countries to increase production. This was previously limited to sliding prices. U.S. oil fell 2 percent to $ 118.55 a barrel on Wall Street on Tuesday. Brent oil was 1.2 percent cheaper at $ 120.86 a barrel.

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