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Hedging Booms to Protect Against Even Higher Oil Prices

  • Companies with trucking, freight exposure seeking fuel hedges
  • US fuel prices touched record highs amid tight supplies

A growing number of companies are rushing to protect themselves against another surge in oil prices, with traders and brokers reporting the busiest spell of consumer hedging in years.

Over the past few weeks, there has been a renewed appetite from airlines -- a mainstay of demand before the pandemic -- to protect against an upswing. There’s also been an influx of first-timers, including new-to-hedging trucking and manufacturing firms. Walt Disney Co. disclosed last month that it’s hedging again for the first time since the virus.