Mexico has hedged oil exports for next year-FinMin

MEXICO CITY, Dec 1 (BestGrowthStock) – Mexico has hedged its crude
oil exports for 2011, Finance Minister said on Wednesday, and
added more details on the transaction would be available next
week.

Mexican officials have previously said they intend to buy
securities to guarantee a minimum price for the country’s oil
exports. The country has used hedges in recent years to put a
floor under its oil revenues that fund more than a third of the
federal budget.
(Reporting by Jason Lange; Editing by Marguerita Choy)

Mexico has hedged oil exports for next year-FinMin