OPEC+ decided to increase oil supply. They will add 137,000 barrels a day from October. This is part of a larger plan to release 1.65 million barrels a day. The decision shows optimism about the oil market. The group aims to regain market share. The next meeting is scheduled for October 5.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation