Hedging in the U.S. E&P Industry As Oil Prices Get Whipsawed

Jan.09 — Oil surged last week when the U.S. assassinated Iranian military commander Qassem Soleimani in an airstrike in Baghdad, then climbed above $65 a barrel on Wednesday after Iran retaliated. The gains quickly fizzled as the prospect of war receded. Bloomberg’s Alix Steel and David Ramsden-Wood, author and Prevail Energy principal, discuss E&P hedging, oil and natural gas production and Ramsden-Wood’s positions in the market.