A Hedged Oil Producer: A Floor Price May Help This Country’s Currency

December 15, 2014

Crude oil has plunged by more than 46% since May and the price keeps dropping. One country, one of the top ten oil producers in the world has hedged all of its production for 2015. In my latest article for Seeking Alpha I take a look at the hedge and the country that put it in place and wonder whether it may provide some much needed support for the country’s currency.

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