OPEC Leaves Production Quotas in Place: The cartel, meeting in Vienna, faces huge challenges to its market position from rising production in the United States and elsewhere.
Crude prices have been stable and within the range the organization favors. Although oil prices for U.S.-produced oil have fallen into the range of $80 to $90 a barrel, the price of a global benchmark, Brent crude, remains well above $100 per barrel.
