October 31, 2017 / 4:47 PM / 9 months ago

Mexico spent about $1.26 bln on 2018 oil hedges-official

MEXICO CITY, Oct 31 (Reuters) - Mexico spent some 24.1 billion pesos ($1.26 billion) on contracts to hedge its 2018 oil exports, finance ministry chief economist Luis Madrazo said on Tuesday.

The operation is one of the world's top sovereign derivatives trades. ($1 = 19.1383 Mexican pesos) (Reporting by Veronica Gomez)

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