Taking a calculated gamble on fuel prices
Figure 1. May 1987 – November 2011 monthly average Brent spot prices denote a series of fluctuations precipitated by world affairs, particularly conflicts in the Middle East and the onset of the global recession in 2008.
Even cruise operators with a safe hedging strategy in place have been stung...
Figure 1. May 1987 – November 2011 monthly average Brent spot prices.
Timeline: oil price surges