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Saudi Arabia Boosts Oil Production by 26% to War-Time High
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Saudi Arabia raised crude output by 26% in October to 10.56 million barrels per day, the highest level since before the war, according to a First Squawk report. Iraq also lifted production to nearly 4.9 million barrels per day. The increase signals a push by major OPEC producers to restore volumes toward pre-conflict levels. Traders will watch whether the added supply is sustained in coming months and how it affects the broader OPEC output picture.
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Saudi Arabia, Iraq