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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E Sr MedTrm Nt
I expect West Texas Intermediate oil prices to once again range between $52.50 and $62.50, which is the same range as my last month's forecast.
August has been a difficult and volatile month for oil prices and equities. There were the US-China tariff flareups followed by the G7. Yet, oil prices did not dip significantly. And this past inventory report from the EIA showed a much larger-than-expected withdrawal of about ten million barrels.
Of course, there are still concerns about a global recession damping oil demand. The US-Iran situation seems as though it is not