Fitch sees Houston at risk from weak oil market
Chicago (UPI) Aug 26, 2015 - Fitch Ratings finds the impact of lower crude oil prices will impact U.S. cities differently, though Houston may be a standout in terms of financial risk. U.S. crude oil prices are down more than 50 percent from this time last year. An increase in oil production, largely from reserve areas like the Eagle Ford shale basin in Texas, has pushed markets toward the supply side. Fitch ... more
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