Nov
28
Million-Barrel Oil Hedging Surge Signals Shale Boom Here to Stay
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Protection grew most since Wood MacKenzie started tracking
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New contracts cover annualized 897,000 barrels a day of output
Oil explorers took advantage of a market rally to lock in prices for almost 1 million barrels a day’s worth of future output, signaling the shale boom’s staying power as OPEC ponders the extension of its supply curbs…
Million-Barrel Oil Hedging Surge Signals Shale Boom Here to Stay