OPEC Production Cut Looms in November

OPEC, the Organization of Petroleum Exporting Countries after months of infighting announced today the beginning November they would cut production.  This sent oil pricing gushing higher due to the impending shrink in supply.  Stock traders rallied on the news as bonds fell somewhat from their lofty levels.  Lorettta Mester Cleveland's Fed President announced that rates could begin rising.  The Dow was up 110 points on the news.