Why This Oil Price Slump May Not Be Bad News For US Shale

Crude oil prices are plunging under the weight of the latest coronavirus variant news and a speculator-driven selloff. But this time, U.S. shale drillers seem to be quite immune to the trend. Their stocks are not plunging in unison with oil benchmarks. There is no panic in the shale patch. Thank discipline. “It looks like the market is starting to reward better behavior by producers,” Josh Young, chief investment officer at Texas-based money manager Bison Interests, told Bloomberg’s Kevin Crowley this week. “They’re…