OPEC Decision: To squeeze US shale oil producers by forcing prices down - Nov. 28, 2014

OPEC just fired a shot at the U.S. shale industry.

Despite tumbling prices -- the lowest since 2010 -- the cartel surprised the energy industry by deciding to keep pumping oil at current levels. One motivation is to squeeze higher-cost producers in North America, including the booming U.S. shale industry that has reshaped the global energy landscape.

OPEC Decision: To squeeze US shale oil producers by forcing prices down - Nov. 28, 2014