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There was a crash in the petrol prices in April 2 0 2 0 . Petrol prices saw the lowest levels in history, even the

There was a crash in the petrol prices in April

2020 .

Petrol prices saw the lowest levels in history, even the negative numbers in some contracts. Assume you are an oil producer. What instruments could you use before this crash to hedge your future income. Please explain in detail and use numbers.

(

make numerical examples please

)

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