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Read: https://www.reuters.com/article/us-mexico-hedge-exclusive/exclusive-mexico-wrapping-up-2021-oil-hedging-program-sources-idUSKBN28L2R2 What type of derivative securities does Mexico use in their oil hedging program? Are they long or short these derivatives? Briefly explain how

Read: https://www.reuters.com/article/us-mexico-hedge-exclusive/exclusive-mexico-wrapping-up-2021-oil-hedging-program-sources-idUSKBN28L2R2

What type of derivative securities does Mexico use in their oil hedging program? Are they long or short these derivatives? Briefly explain how these derivatives hedge Mexico's oil-price exposure.

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