CNBC | Why OPEC's plan to balance oil markets backfired CNBC Conventional thinking then was that the U.S. oil patch would be littered with bankruptcies, and production would collapse. As for Russia, the world's largest energy producer would be forced to cut back production by hundreds of thousands of barrels ... Oil Prices Rise But Energy Markets Remain Nervous CANADA STOCKS-Futures indicate higher start as oil edges up Survey: OPEC November Oil Output Rises, Led by Iraq, Saudi |