Oil market turns upside down as shale rushes to hedge post-OPEC
US shale oil companies are using the post-OPEC rally to hedge their oil price risk for next year and 2018 , which could translate into higher US oil production next year.
BY JAVIER BLAS, ALEX LONGLEY, AND ALEX NUSSBAUM, BLOOMBERG
US shale oil companies are using the post-OPEC rally to hedge their oil price risk for next year and 2018 above USD 50 a barrel, bankers, merchants and brokers said, pushing the forward oil curve upside down.
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