Investing.com -- OPEC has rejected media reports claiming that G8 countries plan to increase oil production by 500,000 barrels per day (kb/d), calling these reports "wholly inaccurate and misleading." Earlier on Tuesday, Bloomberg News reported OPEC+ is considering accelerating output hikes by 500,000 bpd over the next three months. Meanwhile, sources familiar with OPEC+ discussions told Reuters that the group might consider a larger oil production increase of 411,000 barrels per day for November at its meeting on Sunday, October 5. This would be three times the 137,000 bpd increase that OPEC+ agreed for October. Related articlesOPEC dismisses reports of G8 production increase plansNatural Gas: Consolidation Could Set Stage for Breakout Above $3.20 BarrierThese Under-$10 Stocks Are Up 100%+ This Quarter - And Some Still Have Room to Run