WTI is back above $50 a barrel, and things are looking up for the battered U.S. oil industry. Yet, although the worst may be behind drillers, they still face a lot of difficulties, including the danger of more loan defaults. Fitch Ratings warned about the continued threat of defaults in a recent update, noting the oil and gas industry would this year again be the one with the most defaults, according to a report by the Financial Times. In light of the troubles plaguing other industries hit hard by the pandemic, such as air travel and real estate,…
