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Commodities Briefing - Categorized | Market Moves, Oil more

Mexico hedges oil output at highest price on record

Posted on 19 September 2013

Mexico has hedged its oil production for the coming year at the highest price on record, in a striking indication of how stubbornly high oil prices continue to allow producing governments to finance growing budgets.
Surging output from US shale oilfields and slowing consumption in mature economies are expected to weigh on the price of crude eventually, eating into the revenue available to the world’s largest exporters. But concerns about rising production costs mean that long-term prices have remained high………………………………………..Full Article: Source


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