CNNMoney | Not even OPEC saw oil crash coming CNNMoney The oil cartel shocked markets in November 2014 by refusing to cut production despite the emerging supply glut that was weighing down prices. The move has been chalked up as a savvy long-term play at maintaining OPEC's share of the global oil market. Rise in US shale oil output set to fill cutback by Opec US oil producers now buckling up for big cuts `Liquid Freedom' Sails From Texas, Tilting Power in Global Oil |