Oil prices are on track to notch their fourth monthly loss in a row, leading to speculation that major oil producers next week will make a fresh move to set a floor under prices — cutting production for a second consecutive month. The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, will hold their monthly meeting on Oct. 5. The group will have to “decide how much firepower to deploy to staunch a sum-of-all-fears macro selloff that has caused crude to slide” below pre-Russian invasion of Ukraine levels, wrote Helima Croft, head of global commodity strategy and MENA research at RBC Capital Markets, in a Wednesday note. At a previous OPEC+ meeting on Sept. 5, members essentially agreed to reverse a 100,000 barrel-per-day oil production increase for September, cutting output for October by that same amount. “The shift from hiking production to announcing cuts reflected the deterioration of oil prices over the summer,” said Stacey Morris, head of energy research at investment research provider VettaFi. The cut for October “demonstrated that OPEC+ is willing to intervene if prices seem to overcorrect or markets seem distorted.” Weakness in prices made it important for OPEC+ to “set a floor under prices and send a message by cutting,” Oil prices look to end September with a loss — their fourth monthly decline in a row. On Thursday, U.S. benchmark West Texas Intermediate crude CLX22, -1.40% CL.1, -1.42% settled at $81.23 a barrel on the New York Mercantile Exchange, with front-month prices down more than 9% for the month, according to Dow Jones Market Data. November Brent crude BRNX22, -0.64% BRN00, -1.57% ended Thursday at $88.49 a barrel on ICE Futures Europe, down over 8% month to date. WTI and Brent are each down around 23% in the third quarter. NN: The pipelines that were strategized has completely changed the game for two reasons. the first being that no gas will be available for at least a year from these pipelines. But the second reason is the scary one. It means Putin is ready to do anything as in anything….