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Falling oil price good for Kiwi investors
Monday 12th of January 2015
Oil prices fell dramatically over the second half of last year, from $115 per barrel in the middle of the year to less than $60.
That’s led commentators to suggest looming problems for fixed interest investors who have turned to junk bonds - such as in US shale gas and oil companies - in a search for yield.
At the end of October last year, debt issued by energy firms made up 15% o...
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