OPEC+ discussion for 1,5 Million or more ...https://www.forexlive.com/news/possible-opec-cuts-of-15-million-or-more-may-be-considered-20221003/
It's like they want to sqeeze Biden with is SPR !!!
It's a reality check !!! WE have to pay the right price for Oil & Gaz not based on a recession fear !!
All indicator are saying we are already in a recession, No reason to continue the rise of interest rate ! It's time to made a soft landing !
It taked a couple of months to see the impact of higher interest of the federal reserves !
Here we are, we have to accept an inflation rate around 4-5% for at least 2 years !
Because, it is the rise in wages (salary) and the astronomical financial aid from governments that have caused this growth in inflation rates.
Inflation rates will come down end of 2024 around 3 to 3,5% ! If salary increase drop down to a 2%, 2,5% annually.
Only my O !