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Oil Plunge Sparks Bankruptcy Concerns - Wall Street Journal
Wall Street Journal | Oil Plunge Sparks Bankruptcy Concerns Wall Street Journal Crude-oil prices plunged more than 5% on Monday to trade near $30 a barrel, making the specter of bankruptcy ever more likely for a significant chunk of the U.S. oil industry. Three major investment banks— Morgan Stanley, MS 0.28 % Goldman Sachs ... Strong dollar could send oil to $20 Canadian dollar sinks to 70 cents US as oil drops to $31 a barrel Oil price to slide towards $20 a barrel, warns Morgan Stanley |
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