Wednesday, October 28, 2020

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Mexico is playing a risky oil market game

Friday, January 24, 2020


Mexico is playing a risky game of hide and seek with the oil market.

To frustrate speculators and contain an annual bill of more than $1 billion, Mexico is going to new lengths to mask its attempts to insure its revenue from oil sales against falling prices - no mean feat for a hedging program known as Wall Street’s biggest oil trade, Reuters reports.