OPEC crude production rose to a 14-month high in October as oil futures sank into a bear market , a Bloomberg survey showed. Production by the 12-member Organization of Petroleum Exporting Countries climbed by 53,000 barrels a day to 30.974 million, led by gains in Iraq , Saudi Arabia and Libya , according to the survey of oil companies , producers and analysts. Last month’s total was revised 14,000 barrels a day lower to 30.921 million because of changes to the Iraqi, Kuwaiti, Nigerian and Qatari estimates. Output rose as Brent crude dropped to a four-year low amid ample global supplies and signs that demand will be sluggish through the end of the year. OPEC’s biggest producers, Saudi Arabia, Iraq, Iran and Kuwait , have cut their official selling prices, sparking speculation they will compete for market share rather than trim output. Ministers will gather next month to discuss […]