I do not watch crude futures like you do. Is it normal to see volume trades out into December 2015, December 2016, and even a few trades out into December 2017, Dec 2019?
It seems like a pretty smart hedge at these levels. That is unless it goes to $40/barrel and stays there.
That is more detail than I try to follow. I gave up trying to trade futures a couple decades ago after doing okay in Natural Gas but realizing I was just lucky that year. Too many variables.