Save for later Print Download Share LinkedIn Twitter Global benchmark Brent fell below $80 at the start of the year, as it did early December, and this was a sign for oil producers and consumers to increase their hedges and manage exposure to the price. Producer hedging volumes on ICE added more than 10% from late November to mid-January, with consumers adding 20% protection. Producer hedging on the Nymex exchange jumped by more than a quarter in that period as West Texas Intermediate (WTI) had been sliding towards $70, a reminder for producers to protect their bottom line. Likewise, consumers exposed to WTI also raced to hedge and increased positions by a quarter.
