Remain vigilant against a double-dip recession the Financial Times reported 9th that Mexico had bought a $1 billion policy to prevent a fall in oil prices next year, signaling that commodity producers remain wary of a double-dip recession. The world's sixth-largest oil producer said on 8th it had hedged its total net oil exports for 2010 years by buying insurance against oil prices falling below $57 a barrel. "We want to treat it as an insurance policy," said Augustin Castens, the Mexican finance minister. "It doesn't matter if we don't make a profit on this deal," he said. He added that this would mean that oil prices remain above $57 a barrel. Carstens said he did not expect oil prices to fall to such low levels, but added: "The move is mainly to hedge against a terrible outcome." "According to the Xinhua news Agency, CCTV
The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion;
products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the
content of the page makes you feel confusing, please write us an email, we will handle the problem
within 5 days after receiving your email.
If you find any instances of plagiarism from the community, please send an email to:
info-contact@alibabacloud.com
and provide relevant evidence. A staff member will contact you within 5 working days.
