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YGRN - Crude Oil Tsunami Headed This Way: Oil May Have Farther To Fall
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Introduction
The oil market appears to be seriously over-supplied currently, giving prices in this commodity only one direction to travel, down. We are seeing indications of a historically over-supplied market right now, so we expect continued weakness on the commodity front. The impact of this reality will be felt across the value stream for crude and refined products until demand begins to pick up. If you're a driver of a giant pick-up truck, you're in for some of the happiest times of your life over the next few months.