Oil Tanks as OPEC Pumps More – But GOLD Is On Fire
With volatility high, market watchers brace for more drama: Fed meeting minutes, inflation reports and further OPEC decisions in coming days could send prices swinging again. Oil Market Retreats on OPEC+ Output Plans Oil has turned lower after recent strength, as traders anticipate OPEC+ will continue lifting production to chase market share. Reuters reports that at its Oct. 5 meeting, the producer alliance (OPEC plus allies like Russia) is expected to approve at least another 137,000 barrels per day increase for November bloomberg.com reuters.com. This would unwind more of last year’s steep cuts ahead of schedule. Price action has reflected