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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
By Bob Iaccino
At a Glance
Will Saudi Arabia continue being supportive of supply cuts?
The price of oil will be key for the valuation of Aramco ([[ARMCO]]) shares.
Anyone who has traded crude oil knows that, for the better part of five decades, the Organization of the Petroleum Exporting Countries, or OPEC, has been the dominant outside influence in crude oil prices. Within OPEC, the Kingdom of Saudi Arabia has been the dominant country. All of that may be about to change - and not for the obvious reason.