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YGRN - Petroleo Brasileiro - Shares Move Lower On Oil And Brazil
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
The recent price action in the crude oil market has been bearish. The price was approaching the $50 per barrel level on August 26, as the trade and currency war between the US and China continues to escalate. The threat of a global recession has weighed on the price of the energy commodity as an economic slowdown impedes demand. At the same time, with the US producing 12.5 million barrels per day, supplies are at elevated levels.
On the other side of the fundamental coin, the rising tensions between the US and Iran over sanctions