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YGRN - Open Insights: EIA's Weekly Petroleum Report (02/19/21)
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
We review EIA's Weekly Petroleum Status Report for the week of February 19, 2021.
Crude inventories increased by 1.3M barrels and petroleum products declined by 15M barrels.
US product inventories should rebalance to the 5-year average in a few more weeks, crude likely to build w/refinery outages. Inflation on the horizon will provide updraft for oil prices.