A Risky Bet That Fuel Prices Have Peaked
With OPEC cutting oil production and demand still outpacing supply, it would seem oil prices have nowhere to go but up. It would make sense, then, for fuel-guzzling companies to lock in prices now by hedging. Indeed, that's what many airlines and other big-time fuel-burners did in 1999 and 2000 before prices spiked, saving themselves bundles of dough.
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