Shale Producers Sink After OPEC Keeps Output Steady

Investors.com http://ift.tt/122Q4eJ Continental Resources (CLR) and other shale oil exploration and production companies fell early Friday after OPEC decided Thursday to keep production levels steady. West Texas Intermediate oil fell nearly 6% to $69.40 a barrel, the lowest since May 2010. Brent futures rose 1% to $73.29. Despite falling oil prices, OPEC members like Saudi Arabia were hesitant to cut production and lose their market share to U.S. competitors. "It was a great