One of the primary challenges looming for over the health of the Texas state economy is the low price of oil, a report from the Dallas Federal Reserve said. A research report from the bank found one of the major economic concerns for the state was the low price of oil. The price for West Texas Intermediate, the U.S. benchmark, is off more than 40 percent from June 2014 and most analysts expect the depressed cycle to continue. “While the state’s economy has become more diverse and thus less reliant on the oil and gas industry, the price drop has still negatively affected the Texas economy and labor market,” the report said. “Some pockets of the state remain heavily dependent on the energy sector, […]