Banks mixed on impact of low crude oil prices
Dallas (UPI) Jan 15, 2015 - The Federal Reserve Bank of Dallas said in its latest forecast it was less optimistic about its outlook for the year because of the low price of oil. The bank said early this week it expected job growth would be modest and drilling and extraction in the state, the nation's top oil producer, should fall "sharply" if oil prices stay below the $50 per barrel mark. In its so-called B ... more
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