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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
At the time of writing, the iPath S&P GSCI Crude Oil Total Return Index ETN (OIL) is taking a beating, with shares down over 14% during the trading day. While this selloff is very traumatic and extends the year-to-date losses to well over 50% in the ETN, I believe that investors should start to look for buying opportunities in oil. While I do not believe that the selloff is over, I do believe that in the coming weeks, the supply and demand factors will balance out and crude will see upward momentum once