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Business World

Oil price slump sorts the hedged from the unhedged

OPEC concerned about Biden's 'multilateral' policies.

By Lucas Iberico Lozada

Oil’s slide to the lowest price in more than five years is carving a divide between U.S. shale drillers who heavily hedged future production and those who didn’t.

While financial hedges are commonly required by many oilfield lenders, the industry’s mid-sized U.S.-focused shale field producers pursued varied strategies when it came to protecting future revenues, according to a Reuters review of filings and interviews with bankers and experts.

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