Oil Price: Why Crude Is Rising Even After OPEC Hiked Production Again

1. OPEC modestly increased oil production by 137,000 barrels per day in October. 2. Brent crude prices rose 2% to $66.81 per barrel this morning. 3. U.S. jobs report raised concerns over oil demand outlook. 4. Analysts suggest OPEC's expansive production period may be ending. 5. Saudi Arabia and UAE hold potential for further production increases.