Oil producer hedging surges amid Middle East turmoil
Elevated WTI prices, pushed up by regional unrest, are creating opportunities for US oil producers to hedge
US oil producers have sharply increased their hedging activity in the past two months, as unrest in Egypt and a bloody civil war in Syria have driven up crude prices, traders say.
"With the run-up in the front of the curve, we have definitely seen a good volume of oil hedging activity, going out through around 2015," says Craig Breslau, Houston-based managing director for marketing and trading at Société Générale Corporate & Investment Banking (SG CIB). "The volume has definitely increased since
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