Originally Posted by
johnso29
Delta doesnt purchase WTI. They hedge Brent Crude. We switched last year to avoid the massive swings in WTI prices. Plus if you hedge and prices fall, it can actually result in a loss.
Also, add that the entity you buy the hedge from is usually on the other side of the trade and engages in fraud and market manipulation. The oil refinery is a good idea and I would like to see them buy more if possible.