Shale oil producers are hedging again – this is the latest message coming from investment banks and analytical firms, according to Bloomberg . After hedging largely died down when WTI fell into a bearish market in June, now the risk-curbing activity is again on the rise. There is, however, a difference from the last hedging spree that took place after OPEC and Russia struck their output cut deal. Now, some E&Ps are hedging at prices as low as US$45 a barrel. Last December, shale boomers rushed to lock-in higher prices for their future output encouraged by the quick rise in Brent and WTI on expectations that the cut deal would take care of the global glut. This didn’t happen, however, and prices have been declining relatively steadily since February. Over the last two weeks, though, crude has enjoyed a rally on the back of renewed hopes for the success […]