Oil hedging strategies revised after Irish bail-out

Oil hedging strategies revised after Irish bail-out

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Oil prices have shifted upwards as previous price forecasts appear to have been overtaken by events following the Irish financial bail-out, causing market participants to reassess their hedging strategies. Analysts say the bail-out has had serious repercussions on the wider financial markets calling into question economic sentiment for the rest of Europe. "The news of such a large bailout for Ireland will naturally have an impact on market sentiment," Andrew Moorfield, head of oil and gas at