According to anonymous sources cited by Reuters on Sunday, the OPEC cartel may decide to further increase oil production. Interestingly, OPEC+ was supposed to end its production increase, but today's Reuters report contradicts these expectations. Oil prices have, of course, fallen sharply following this announcement, as oversupply is likely to further depress prices.
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Morning Wrap (23.10.2025)
Daily wrap – US Export Restrictions on China and Weaker Earnings Trigger Wall Street Correction