Reported 9 days ago
With crude oil prices dropping below $60 per barrel, airlines and shipping companies are quickly securing their fuel supplies through options contracts, allowing them to hedge against potential price increases. Over 25 million barrels of such contracts traded recently as industrial consumers aim to stabilize their costs amid fluctuating market conditions. The increased hedging activity, particularly for contracts extending to 2026, indicates a proactive approach from consumers looking to mitigate risk in response to significant declines in fuel prices.
Source: YAHOO