Oil Price Drop Hurts Spending on Business Investments

Prospects for an uptick in business investment this year are confronting a vital drag: The fall in oil prices is spurring poignant cutbacks by a energy-production industry, that had been a standout in an differently muted U.S. mercantile expansion.

Business collateral spending rose 6% final year due to gains from a extended bottom of U.S. industries. The drag from appetite this year could cut that expansion rate in half in 2015, according to…

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