Iraq oil exports down, income up in Oct.

Higher oil prices offset a slight decline in exports as Iraq struggles to maintain post-2003 record year.
An engineer at the Zubair oil field in Basra on January 21, 2010. (ESSAM AL-SUDANI/AFP/Getty Images)

BAGHDAD - Iraq's oil exports in October fell to their lowest daily average since December 2010, but high international oil prices enabled a better earning month than September, pushing Iraq to nearly $70 billion in oil revenues through the first 10 months of 2011.

It's not immediately clear why exports dropped slightly to 2.09 million barrels per day (bpd), or a total of 64.8 million barrels for the month.

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