Commodity Trade Mantra

Posts Tagged ‘Crude Oil Producers’

Why Is Oil Price Tumbling: Oil Hedges Were Just Rolled Over

As a result of a new bevy of hedges put on around $50/barrell which coupled with the recent decline in the oil VIX leading to slightly cheaper hedges, firms can once again continue to produce at even lower prices as they have rebased their hedges thereby buying themselves a few more months of oil production at even lower prices – offsetting Saudi record production pressures.

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