Why Oil Prices Are Rising Even After OPEC Hiked Production Again
1. Oil prices rose modestly amid OPEC's output hike. 2. OPEC increased production by 137,000 barrels per day in October. 3. Previous cuts of 1.65 million barrels per day are being unwound. 4. Deutsche Bank noted OPEC's caution in production decisions. 5. Concerns arise about capacity limits for further production increases.