CNBC | Oil prices retreat again, Brent dips below US crude futures CNBC But with oil producer club OPEC deciding late last year to maintain its output despite slowing Asian and European economies in order to defend its market share, including against surging U.S. competition, a glut has also appeared outside the United ... Cheap Oil Good News for Consumers, Mixed Bag for U.S. Industry Oil Seen Shifting to $50 Ceiling After Plunge: Chart of the Day Oil Is Falling Again |