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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Whether it's the macro front or the oil market-specific front, things are starting to look a lot brighter. We will go through in this article these two topics to explain why we see a brighter future ahead.
Oil market fundamentals - the slowdown in non-OPEC supply growth will change sentiment, primarily - US shale.
Macroeconomic drivers show recovery with the headwind US Dollar finally showing signs of moving lower.
Oil Market Fundamentals
This year hasn't been kind to energy equity bulls not because oil prices performed poorly (one of the best-performing commodities of the year),