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home / news releases / YGRN - Oil Futures Curve Forecast: Downward Shift And Increased Contango


YGRN - Oil Futures Curve Forecast: Downward Shift And Increased Contango

I will start with a simple statement. If you are not willing to take delivery, you should not be long oil futures right now, because storage constraints are what it is all about. Oil futures prices went negative last month because people realized this, and it is still as much of a problem as ever. South Korea and India have reached storage capacity. Goldman Sachs predicts the United States is next here within weeks, which means we have yet to see the worst from an oversupply perspective. The image below is the current Cushing, Oklahoma

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Stock Information

Company Name: Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Stock Symbol: YGRN
Market: NYSE

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