Business & Finance

Reuters exclusively reports Mexico moves to launch world’s largest oil hedge

Reuters reported exclusively that Mexico has asked Wall Street banks to submit quotes for its giant oil hedging program and that trading in crude oil options has increased the week ahead of its megadeal. Mexico buys more than $1 billion in options each year to protect its oil revenues from price crashes in what is considered the largest and most secretive financial oil trade on Wall Street.

Market Impact

Following the Reuters report, options markets reacted and financial oil trading for 2021, the year Mexico is seeking protection for, was more active.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & Energy
Regions: South America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
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