As U.S. crude oil goes global, hedging goes local
The booming U.S. oil
sector is seeing a surge in hedging by producers against drops
in regional crude prices to protect revenues from oil sold out
of Midland, Texas, or delivered to terminals in Houston after
relying for decades on global benchmarks.
sector is seeing a surge in hedging by producers against drops
in regional crude prices to protect revenues from oil sold out
of Midland, Texas, or delivered to terminals in Houston after
relying for decades on global benchmarks.
Posted by Reuters
