Mexico’s 2017 Oil Hedges Lock in $9.5 Billion Value: TakeawaysBy
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.