Telegraph.co.uk | Old world oil order collapses as Opec struggles for relevance Telegraph.co.uk For the second time in two months, members failed to agree measures to underpin the oil price and thereby ease the economic pain of major oil producers. They couldn't even agree an overall cap, let alone individual quotas. Opec has lost control of oil ... US oil rises 0.3 pct as crude drawdown offsets OPEC outcome OPEC again fails to agree on oil output ceiling OPEC to keep oil gushing |