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YGRN - Oil Price Recovery Stumbles As Some OPEC Producers Miss Output Cut Targets
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Elements of game theory have long plagued OPEC's attempts to control oil prices.
Overproduction by some players has contributed to a failure to lift Brent Crude prices past U.S. $46 per barrel.
Supply is being met by drawdown on high refined stocks and not feeding through to crude demand with little on the horizon likely to change that anytime soon.