Will Biden Lift Oil Sanctions On Venezuela?

OPEC has always moved in mysterious ways, and it certainly caught the markets off guard when it announced an unforeseen production cut this Sunday. The bloc, led by wily Saudi Arabia, has made March’s bulls look heady, to say the least, and the term ‘stagflation’ has returned to the headlines after a brief hiatus. The U.S. government is being looked to for an answer having just staved off a bout of serious financial turmoil in the past two weeks alone. From where I am standing, the Biden administration has little choice but to…