More pain?

Zero Hedge tweet

quote:

---

OPEC+ is discussing a potential output cut at next week’s meeting, said a delegate

---

Depending on the cut, that could push oil up enough to significantly raise prices at the pump again before the election. This would also add to the price increases which will naturally occur from the end of the SPR drawdown, meaning a drag on CPI drop for Q4 or even a reversal (which could mean more than the expected .5 hikes set for 2023).

Let's hope this is just saber-rattling.