Oil: Mexico looks to the world's largest sovereign petroleum hedge fund

Oil: Mexico looks to the world's largest sovereign petroleum hedge fund

Editorial Staff
Share
The central American country began signing agreements with crude oil prices at the highest levels, freeze them until 2017

Thanks to oil, Mexico is looking to create one of the world largest sovereign petroleum hedge funds. Mexico City, in fact, began purchasing contract to freeze oil prices in 2017, which would allow the country to sell crude oil at pre established prices despite the volatility of international markets. The indiscretion, which has become international news, is precisely regarding the sovereign hedge fund that would result from these operations. In more detail Mexico has been able to freeze oil prices from the contracts in last June, when crude oil was being traded at $53/barrel, a figure saw a drop of up to $10 in the following months. All this, according to Bloomberg experts, would signify the beginning of the establishment of the sovereign hedge fund that Mexico appears to be working on.