Oil hedging strategies revised after Irish bail-out
Oil hedging strategies are being revised after Irish bail-out pushes up oil prices. Lianna Brinded investigates whethere recent oil price spikes will be sustainable over the long term
Oil prices have shifted upwards as previous price forecasts appear to have been overtaken by events following the Irish financial bail-out, causing market participants to reassess their hedging strategies. Analysts say the bail-out has had serious repercussions on the wider financial markets calling into question economic sentiment for the rest of Europe.
"The news of such a large bailout for Ireland will naturally have an impact on market sentiment," Andrew Moorfield, head of oil and gas at
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