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Oil options hit highs amid fears of huge plunge

皇冠体育app Daily | Updated: 2009-09-23 08:26

Oil options hit highs amid fears of huge plunge

A drop in prices would penalize companies from Exxon Mobil Corp to BP Plc and exporters Russia and Saudi Arabia. Bloomberg News

LONDON: Oil traders are paying more than ever in the options market to protect against a plunge in crude prices.

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