Irish bailout forces oil hedging strategies revision
Oil hedging strategies to be revised after Irish bailout pushes up oil prices
Experts say that the Irish banking bailout, which has strengthened the euro and British pound against the US dollar, has as a result made energy look relatively cheap for investors. This attractiveness is pushing up prices and will lead participants to revise their current hedging strategies.
"The news of such a large bailout for Ireland will naturally have an impact on market sentiment," says Andrew Moorfield, head of oil and gas at Lloyds Banking Group. "Following news of the bailout, oil
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