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Oil borrows big in bust

2015-07-13 06:05:02| Energy - Topix.net

The lending spree that accompanied the U.S. oil boom has accelerated even as crude prices have plunged to half what they were a year ago. Since last fall U.S. oil companies have borrowed tens of billions of dollars through bank loans and bonds issues, pushing back the deadlines on when they have to pay their existing debts.

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