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YGRN - Crude Oil- Next Stop For OPEC And Russia Is A Taper
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
On June 30, in an article on Seeking Alpha, I wrote that NYMEX crude oil filled its gap from March on the weekly chart, but yet to erase the void on the daily August futures contract at $42.17 per barrel. As of the end of the second quarter, the August contract had only made it to $41.63.
On July 15, the price of the energy commodity had not yet traded to a new high, but it was still just over the $40 level, which has become a pivot point for the nearby NYMEX contract. On