OPEC Pumps at Three-Year High Despite Oil Glut<p><a href="http:&#x2F;&#x2F;www.wsj.com&#x2F;articles&#x2F;opec-pumps-at-three-year-high-despite-oversupply-1439290204" rel="nofollow">http:&#x2F;&#x2F;www.wsj.com&#x2F;articles&#x2F;opec-pumps-at-three-year-high-de...</a><p>Relevant paragraph:
&quot;But in the current downward price spiral, the group has kept pumping, a move aimed at protecting market share, instead of prices. The strategy comes as a flood of new oil—including U.S. shale output and new OPEC production—hits at a time when demand forecasts remain cloudy. The result has been market oversupply, and sharply falling prices.&quot;