CBC.ca | Oil price rally has industry speculating on OPEC's exit strategy on production limit CBC.ca When OPEC decided to limit how much oil its member countries would produce, prices in North America were around $40 US a barrel and the industry was struggling mightily. On that day in late 2016 when the cartel announced its production cut, prices ... Oil Extends Slide as Record US Output Sparks Supply Glut Fears |