Should We Take OPEC's Cuts Seriously After Record Production Levels in September?

Just two weeks after OPEC agreed to production cuts, fresh data released Tuesday shows the cartel produced at record levels in September. Production rose by 160,000 barrels a day to 33.64 million. "It just goes to show that OPEC and the OPEC nations are trying to squeeze out as much production as they can up until the official November meeting," said Jasper Lawler, a market analyst at CMC Markets, based in London. Prices for West Texas Intermediate crude slipped Tuesday, to $50.98 a barrel. TheStreet's Scott Gamm reports from Wall Street.