‘Another stuff-up’ from Joe Biden

Sky News host Paul Murray says there was a “very big decision” today that’s going to affect everything to do with the Australian economy.

“It is a decision that is going to drive up inflation, that will drive up interest rates, but nobody really talked about it today,” Mr Murray said.

The Organisation of the Petroleum Exporting Countries (OPEC) agreed on Wednesday to dramatically scale back output by two million barrels per day – approximately two per cent of the global supply.

“Now all of this goes back to our old mate Joe Biden and yet another stuff-up from him,” Mr Murray said.

“Remember, of course, the President who’s so amazing, he defies gravity by falling up the stairs.”