CNBC | No end in sight as oil slide accelerates; 'The bears are in control of this market' CNBC Oil's bearish plunge raises the question of whether OPEC and other producers could make even deeper cuts in production, a double-edged sword that would boost the price, but also encourage more U.S. output. U.S. oil production has been surging, and that ... Is The U.S. Oil Patch A Value Trap? OPEC likely to extend output pact, bigger oil cut unlikely: delegates |