Red flag: Oil company defaults are spiking January 22

http://money.cnn.com/2016/01/22/investing/oil-crisis-defaults-rise/index.html?sr=fbmoney012216oil-crisis-defaults-rise0807PMVODtopLink&linkId=20592808

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Energy companies borrowed a lot of money when oil was worth over $100 a barrel. The returns seemed almost guaranteed if they could get the oil out of the ground. But now oil is barely trading just above $30 a barrel and a growing number of companies can’t pay back their debts.

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