[HN Gopher] Wall Street's Largest Oil Trade (2017) ___________________________________________________________________ Wall Street's Largest Oil Trade (2017) Author : bilifuduo Score : 10 points Date : 2020-04-11 21:08 UTC (1 hours ago) (HTM) web link (www.bloomberg.com) (TXT) w3m dump (www.bloomberg.com) | nobrains wrote: | 2017 | mardifoufs wrote: | Yep but probably more relevant than ever as Mexico still hedges | most of it's production. That's why they have been able to hold | out against the rest of OPEC+ on production cuts. They are | basically guaranteed to get a much better price for their oil | so cutting production probably doesn't make sense for them. So | that hedge is really giving Mexico an outsized influence on | global oil right now | neximo64 wrote: | Mexico hedged almost at $50 this year, extremely relevant. Lots | of incentives to both have oversupply and not cut production. ___________________________________________________________________ (page generated 2020-04-11 23:00 UTC)