Hedging figures show doubt over US crude export plans

The recent oil price rally is widely expected to subside later in 2019 as improved infrastructure allows US exports to relieve the pressure in tightened global markets, but hedging data reveals that producers are sceptical

Across global oil markets, the spectre of supply constraints has caused a rally in 2018 and the outlook for the next three to six months indicates prices will remain high. In fact, major energy players including Mercuria and Total have even raised the possibility of $100 oil by the end of this year, or early 2019.

While triple digits might be a stretch – Stephen Brennock, London-based oil analyst at brokerage PVM Oil Associates, calls $100-oil predictions “exaggerated” – most experts believe