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Saudis' Oil Boost May Not Help U.S. Gas Prices

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Saudis' Oil Boost May Not Help U.S. Gas Prices

Economy

Saudis' Oil Boost May Not Help U.S. Gas Prices

Saudis' Oil Boost May Not Help U.S. Gas Prices

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  • <iframe src="https://www.npr.org/player/embed/91791904/91792079" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Saudi Arabia has pledged to put out more oil this year if the market needs it. The pledge falls short of U.S. hopes for a specific increase and may do little to lower prices in the short-term.

Co-host Ari Shapiro talks with Carola Hoyos, the chief oil correspondent for the Financial Times, about Sunday's oil conference in Jiddah, Saudi Arabia.

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