World’s Largest Oil Hedge Set to Make Billions for the Mexican State

Excerpted Article from
Bloomberg Markets
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Even if oil averages $50 over the next four months, the country would still receive a payout of $2.3 billion.

World’s Largest Oil Hedge Set to Make Billions for the Mexican State

Mexico is on track to receive billions of dollars from its 2016 sovereign oil hedge, the first time it will reap the windfall two years in a row, according to data compiled by Bloomberg.
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