RE:Oil hedging's impact on oil priceNorth Dakota's biggest oil producer, Continental Resources Inc., has halted most of their production in that State (where extraction costs are higher) and has notified some customers that they will not be supplying crude.
Takeactionnow wrote: Producers in the petroleum sector implement hedging strategies to manage risk of fluctuating commodity prices. For some, that strategy is looking pretty good right now, but as a result oil supply has not dropped as quickly as might be expected: How hedging hurts oil prices