OPEC+ to cut Oil Production on 1 Nov. Is it time to invest in Oil Stocks?

OPEC+ is set to cut Oil Production by 2 million barrels every day by 1 Nov. Oil companies like Shell and Chevron are already recording huge profits thanks to the cost of living crisis and rise in energy prices around the world. In the last week, the price of pure crude oil went up $5. With that in mind, is it time to put money into oil stocks?