The Marketplace Reader

Preparing for the downside of oil

Melissa Kaplan Aug 6, 2008

Crude oil prices hit a three-month low yesterday. At $119 a barrel, oil producers are scrambling to protect themselves against more downside. They’ve been buying a form of insurance called an put-options contract. The Financial Times reports twice as many contracts have been taken out against oil reaching $100 by the end of year. Here’s what they’re saying about growth fears intensifying.

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