| From Businessweek.com: Output rose 125,000 barrels a day, or 0.4 percent, to an average 29.17 million barrels a day, the highest level since December 2008, according to the survey of oil companies, producers and analysts. The January production total was revised 45,000 barrels a day higher.
OPEC cut its production quotas by 4.2 million barrels to 24.845 million barrels a day beginning in January 2009 as fuel demand tumbled during the worst global recession since World War II........................................Full Article: Source
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