Originally Posted by
groundstop
No point in hedging right now unless it starts to up.
Oil is where it is because of rabid market deterioration across the world economies. Due to other currencies starting to fall the dollar is gaining value again as well. As soon as there's a large spike in the DOW you'll see a large jump in the price of oil. Hedging is only a loss if oil keeps dropping. Maybe down to lower $40s but unless the world really goes into the poop shoot I don't see that happening. This is just one great reaction to the peak in July. Things will turn around.