Gulf of Mexico crudes strengthened on concern that the conflict in Syria might spread and threaten imports from the Middle East. Photographer: Susana Gonzalez/Bloomberg Mexico’s oil hedging programme – a highly secretive deal that is the largest single trade in crude markets – appears to be unfolding in public for the first time, according to traders. The public disclosure of a large options trade on a new database has led to speculation that the country’s government has locked in a price for most of its oil exports next year. More On this topic IN Commodities Put options locking in the sale of 5m barrels of crude for at least $80 per barrel were this […]