OPEC+ kept October production quotas unchanged at Sunday’s meeting, but the decision carries less weight than usual while the Iran war continues to disrupt exports through the Strait of Hormuz. The seven-member subgroup led by Saudi Arabia and Russia has now completed the phased rollback of the 1.65m-barrel-per-day cut first agreed in 2023, yet actual […]
The post OPEC+ Steps Aside as Hormuz, Not Quotas, Controls the Oil Market appeared first on ActionForex.
Key Highlights EUR/USD started a fresh increase from the 1.1565 support. It traded above a bearish trend line with resistance at 1.1605 on the 4-hour chart. WTI Crude Oil prices could continue higher if it Read more…
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Key takeaways Macro-structural shifts: Divergent central bank policies, persistent inflation, and targeted intervention are driving major realignments in global capital flows and currency valuations. US rate dynamics: Persistent inflation (PCE at 3.7%) and hawkish Fed Read more…