Are Saudi Arabia and OPEC Trying To Fool The Oil Market, Again?

Saudi Arabia and OPEC appear to be on a new mission lately:to fool oil markets. On the one side they are talking the market up by promising output cuts that would boost oil prices. An optimistic Saudi oil minister sees oil reaching $60 by the year's end. On the other side, recent oil data shows that OPEC members have been boosting output — the cartel produced a record of 33.64 million barrels of oil in September, according to the International Energy Agency (IEA).  Most notably this data come...