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home / news releases / NRGO - Oil Outlook: Can The Events Of 2020 Ever Be Repeated?


NRGO - Oil Outlook: Can The Events Of 2020 Ever Be Repeated?

  • "Black April" has cemented the market's "contango" structure, where prices for immediate delivery remain far below future prices.
  • The sustainable output cut strategy will last until April 2022, starting with a reduction of 9.7 million bpd during May and June, then falling to 7.7 million bpd for the second half of 2020.
  • The most bullish development in 2020 was OPEC+ continuing its historic output cuts agreement beyond June.

For further details see:

Oil Outlook: Can The Events Of 2020 Ever Be Repeated?
Stock Information

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

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