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CM - US shale producers hedge big on news of Saudi attack - October 2019
Making the most of the global oil market’s temporary reaction to the attack on Saudi Arabian oil assets, US shale producers upped their oil hedges to lock in future revenue for the rest of this year and 2020. The price of Brent oil jumped 20%, or $12/bbl, in early trading on Sept. 16—its biggest individual leap in 28 years— before settling at $69.02 for the day, or 11% higher than the previous trading day.......
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