Let Crude Crash: US Oil Producers Are Hedging At Levels Not Seen Since 2007

Posted by ZeroHedge

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producer hedging 1 0

producer hedging 1 0As warned here one month ago after the farcical OPEC meeting in Algiers, the cartel’s latest jawboning ploy to keep prices artificially higher – if only for one more month – is fast falling apart. Just a few hours ago, Bloomberg reporter Daniel Kruger penned the following assessment of the situation:

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