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OPEC oil output rises to more than 3-year high

from Reuters via Fox Business

OPEC oil output has risen to the highest level since October 2008 due to a further recovery in Libya's production, as well as higher supplies from Angola and Saudi Arabia, a Reuters survey found. Supply from all 12 members of the Organization of the Petroleum Exporting Countries averaged 31.23 million barrels per day in February, up from 30.95 million bpd in January, the survey of sources at oil companies, OPEC officials and analysts found. more


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