OPEC surprised the market by announcing to cut production from November. This sent energy prices much higher. The front-month WTI crude oil price initially rose to a 3-week high of 47.45 before ending the day at 47.05, up +5.33%. Similarly, the Brent contract soared +5.92% to 48.69 at close. Refined products also soared with the RBOB gasoline contract jumped +6.03% while the heating oil contract gained +5.75%.
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