The cartel that controls over a third of the world’s oil rejected the idea of reintroducing a collective output limit, a move that some oil producers had floated as a way to inject some discipline into the... VIENNA—OPEC on Thursday broke off its meeting without reaching any new agreements on oil production, continuing a hands-off policy that members say is gradually bringing supply and demand back into balance and boosting prices.

Source: Wall Street Journal June 02, 2016 09:32 UTC