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Saudi Arabian economy totally based on exporting crude oil to different countries and price of crude oil is fluctuating very rapidly. In March 2020, crude

Saudi Arabian economy totally based on exporting crude oil to different countries and price of crude oil is fluctuating very rapidly. In March 2020, crude price fall to negative $37 per barrels. It shows highly declining in sales value. Required: Explain in detail how Saudi Arabian hedge itself for falling price of crude oil. Also discuss the hedging instrument

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