Heavy Crude Oil - Is petroleum with a high specific gravity and a low API gravity. It has a relatively high proportion of heavy hydrocarbon products or fractions. Compare to Light Crude Oil . Hedge - Is the act of protecting a position.
Hedges can be either Long or Short.
Hedges are often done with derivative products. A Long Hedge refers to a position whereby a derivative contract is purchased to protect against a short actual position. A Short Hedge is a position whereby a derivative is sold to protect against a long actual position. Hedge Fund Types - Are numerous. They reflect different investment styles, product lines, and geographic regions.