OPEC Won’t Cut Drilling, and Prices Plunge 5%

http://rss.nytimes.com/c/34625/f/640350/s/4c120a08/sc/24/l/0L0Snytimes0N0C20A150C120C0A80Cbusiness0Cenergy0Eenvironment0Copec0Ewont0Ecut0Edrilling0Eand0Eprices0Eplunge0E50Bhtml0Dpartner0Frss0Gemc0Frss/story01.htm

A variety of factors is behind the price drop, analysts say, but OPEC’s decision on Friday not to tinker with its output, which is now at near-record levels, sent prices into a collapse.

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