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home / news releases / YGRN - Oil Update - May 2020


YGRN - Oil Update - May 2020

For June, I expect West Texas Intermediate oil price to range between $30 to $40 per barrel. If the oil price goes below $30, I do not expect it to stay there long. Furthermore, I expect the oil price to drift upward over time. So if the oil price surpasses $40, it might stick. I am not overly confident of my forecast, even though it covers a wide range.

The Financial Times article “US shale industry braces for wave of bankruptcies” (subscription required) suggests hard times remain for the shale industry.

Analysts predict 250 companies

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Stock Information

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

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