Mexico’s 2017 Oil Hedges Lock in $9.5 Billion Value: Takeaways

  • Average barrel strike price is 8.3% below most recent close
  • Mexico oil prices hedged at lowest level since at least 2008

Mexico said it’s locked in the equivalent of $9.5 billion of oil revenue for 2017, buying hedges to sell the nation’s crude at the lowest price since at least 2008. 

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