U.S. Silica Holdings (SLCA) Stock Tanks on Low Oil Prices Amid OPEC Decision

NEW YORK (TheStreet) -- Shares of U.S. Silica Holdings  are tanking, down 10.85% to $28.01 in morning trading Monday, as the fracking sand supplier reacts to news that the Organization of Petroleum Exporting Countries decided to maintain its output ceiling instead of cutting production to raise prices, Bloomberg reports. OPEC's decision means that the oil market will stay oversupplied through the beginning of 2015, and prices could remain low for longer than previously expected, the Wal...