January 3, 2019 / 5:10 PM / 2 months ago

U.S. energy execs' outlook sours for first time since 2016 - Fed survey

Jan 3 (Reuters) - U.S. oil and gas executives’ outlook turned negative for the first time since the low point of the last oil bust, according to results of a survey released Thursday by the Federal Reserve Bank of Dallas.

A survey of executive sentiment fell to -10 from 47 in the prior quarter, the first negative reading since early 2016, when U.S. crude prices plummeted to $26 per barrel. (Reporting by Jennifer Hiller)

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