OPEC Output Rose Last Month as Restart Continued, Survey Shows

OPEC raised oil production slightly last month as key members began gradually restarting another layer of halted supplies, according to a Bloomberg survey.

The Organization of the Petroleum Exporting Countries increased output by 50,000 barrels a day in October to 29.07 million a day, as the gains by top producers like Saudi Arabia were tempered by a pullback in others such as Libya and Venezuela.