Oil Hedging Desks Closing Out a Record-Breaking Week Brace for More

Oil producer hedging desks are closing out what many describe as a record-setting week and buckling up for more to come with the war in Iran showing no signs of easing.

Several major dealers that work with both producers and consumers looking to hedge against oil price swings said this week was already the busiest they had ever seen in terms of volume. For others, all-time records are well within reach if the elevated flows persist.