Why is OPEC’s oil production increase not calming prices?

<p>From the BBC World Service: The group of major oil producing nations, including the likes of Saudi Arabia, agreed to cautiously increase production. They didn&#8217;t, however, throw oil out of the group, and oil markets today seem little moved by the news. We ask why. Also, as Jubilee celebrations continue in Britain – we&#8217;ll take you out to the world of cake, bunting and fizz at the U.K.&#8217;s street parties.</p>