FILE - In this May 29, 2009 file photo, an oil rig is seen at sunset in the desert oil field of Sakhir, Bahrain. Major stock indexes skidded 2 percent Tuesday, July 7, 2009, as crude fell for the fifth straight day, the latest indicator that investors think demand for energy and basic materials will remain soft. The Dow Jones industrial average fell 161 points to its lowest close since late April. (AP Photo/Hasan Jamali, file)
Yields on junk energy bonds have fallen to the lowest level of the year as investors scramble into the distressed oil and gas sector , despite the risk that a still volatile oil price could easily reverse a rally that has driven crude to its high for the year.
The fragility , underscored by 15 st
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