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YGRN - Physical Oil Market Headwinds Are Starting To Dissipate
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
China's floating storage is finally decreasing in size.
Brent timespreads have moved higher, and the market is anticipating higher Chinese crude buying in the coming months.
The most supportive thing that's happened is the move higher in refining margins. In order for this rally to be sustainable, refining margins needed to move higher.