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US oil companies headed for bankruptcy?

from International Business Times

The price of crude oil has leveled to around $32 per barrel after falling to 12-year lows of nearly $30 this week. The price of oil has continued to plunge throughout the beginning of the year, and news of the price plateau comes one day after several U.S. investment firms warned that national oil companies could be at risk for bankruptcy, the Wall Street Journal reported Monday. more


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