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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO
Big production cutbacks by mega-producers Russia and Saudi Arabia lit a fire under the oil market to start 2021.
With the passage of the Covid Relief Bill, we expect the Biden Administration to shift the focus to infrastructure and climate change.
Crude oil is a volatile market. That volatility is imbedded in the cost of its options, which are currently implying a potential move of roughly 34% in either direction.