January 21, 2009
Peso Rises, but Pemex production falls

The peso gained (just .7 percent) due to speculation that investors may be ready to take more risks now, but Mexico announced that their oil production fell over 9 percent in 2008, the biggest drop since WWII.

Bloomberg.com: Latin America - Mexico Peso Gains Most in Almost a Week as Risk Appetite Rises

Mexican crude production down 9.2 percent in 2008 - Salon.com

Posted by Dave at January 21, 2009 02:16 PM