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YGRN - Open Insights: EIA's Weekly Petroleum Report (09/11/20)
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 Sept. 11, 2020.
Crude inventories decreased by 6.5M barrels and petroleum products increased by 8.7M barrels.
COVID concerns, political uncertainty and oil industry's strategic shift have taken the wind out of oil price sales and E&P equity prices. Fundamentally, we're still drawing, though.