Junk Energy Companies Feel More Pain as Borrowing Costs Top 20%

Updated on
  • `Well deserved' negativity amid asset-crossing economic slump
  • Oil at $30? Goldman Sachs sees below $20, Pimco forecasts $50

The cost for U.S. junk-rated energy companies to borrow in the bond market exceeded 20 percent for the first time ever after Goldman Sachs Group Inc. said oil may drop below $20 a barrel.

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