Moody's Lower Oil Forecast to Accelerate Energy Firm Downgrades

  • Company puts 69 U.S. energy companies on negative review
  • Moody's cuts crude oil forecast to $33 a barrel for 2016

Moody’s Investors Service revised its price forecast for oil this year and started reviewing ratings of oil companies, joining Standard & Poor’s in predicting lower crude prices as S&P began downgrading firms in the sector.

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