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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Ultimately, any commodity market is managed by supply and demand balance, and not by emotions of its participants. And, from this point of view, I would like to assess the perspective of the oil market after the epochal 178th OPEC meeting.
So, the OPEC+ deal is dead, at least for now. Russian Energy Minister stated that in the near future Russia will increase output by as much as 0.5 mb/d. Saudi Arabia plans to ramp up oil production to 12.3 mb/d from April. And even if the rest of the OPEC members won't significantly