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YGRN - As OPEC+ Output And Oil Demand Shift Traders Turn To Micro Futures
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
One of the beauties of the crude oil market specifically, and commodity markets in general, is that active traders and investors only have one equation to analyze: supply versus demand.
In April of 2020, in response to the lockdown-induced decrease in demand, OPEC+ announced the biggest production cut in its history, or almost 10 million fewer barrels per day.
Then on July 12, CME Group launched Micro WTI Crude Oil futures, which are one-tenth the size of the standard contract.