VIENNA, Austria (AP) - An OPEC attempt to stem the free-fall in oil prices has fizzled with crude plunging to lows last seen 15 months ago on world economic fears, despite the 13-member group's decision to slash production by a daily 1.5 million barrels.
Oil's imperviousness to production cutbacks - the most potent weapon in the OPEC arsenal - reflected the cartel's diminishing control over prices.
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