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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.
Tags: big
oil
bust
borrows
Category:Energy and Environment
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