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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Oil prices ended their sixth week of gains amid several bullish developments that lent support to the OPEC+ meeting that was held on Saturday. The equities markets were considerably higher, as investors factored in the reduced lockdowns in most countries and the expectations this brought of a higher demand for oil.
Brent crude price moved higher by the week, closing at $42.30 per barrel as a correction after closing at parity to West Texas Intermediate ((WTI)) a week earlier. WTI closed the week higher at $39.55 per barrel, close to the $40 barrier, which is