Oil Market Turns Upside Down as U.S. Shale Hedges Post-OPEC
U.S. shale oil companies are using the post- OPEC rally to hedge their oil price risk for next year and 2018 above $50 a barrel, bankers, merchants and brokers said, pushing the forward oil curve upside down.
The rush to hedge — locking in future cash flows and sales prices — could translate into higher U.S. oil production next year, …