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YGRN - OIH Continues To Suffer - Oil Services Companies Are Too Cheap
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
The price of crude oil took the stairs to the upside from early October until January 8. The price rose from just above $50 per barrel to 95 cents below the 2018 high of $66.60 as tensions rose to a boiling point between the US and Iran. Since then, the price has been on an elevator ride to the downside, as it approaches the bottom end of its trading range at the $50 per barrel level.
Throughout 2019 and into 2020, the shares of oil-related companies have underperformed the price of oil. At the same