The rise in oil prices over the last few months is welcome news for the energy sector, but it doesn't mean that oil and gas firms — and the banks that lend to them — are out of the woods just yet.

Dozens of oil and gas firms have filed for bankruptcy protection since the start of the year and, with prices still hovering below the break-even point for many energy producers, industry experts say that the pace of bankruptcies is unlikely to slow anytime soon. That could mean more pain ahead for energy lenders, whose profits have been hammered in recent quarters by an increase in delinquencies tied to energy credits.

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