The Traderszone Network

Published in TZ Latest News 10 July, 2015 by The TZ Newswire Staff

Oil Price Plunge Reignites Fears for Indebted Shale Companies

Submitted by Nick Cunningham via OilPrice.com,

The latest fall in oil prices is once again putting pressure on indebted shale companies.

After falling from over $100 per barrel down to $43 per barrel at its lowest point in March of this year, WTI prices rebounded with a 40 percent rise, trading for more or less $60 per barrel for May and June.

read more