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Some oil producers are reaping the benefits of hedging strategies

Those who bought insurance against a price collapse are able to sell their product at much higher prices

Not all oil companies are equal when it comes to the pain of sharply lower crude prices. Some companies and national producers around the world bought insurance — in the form of hedging strategies — for just such a collapse.

This hedging tool kit allows some companies such as Hess and Cairn Energy and countries including Mexico to continue selling their crude at considerably higher prices when benchmark US and global oil prices plummet.

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