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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
A quick note about oil. The Saudi-Russia price war means OPEC disarray and a lower oil price for the US.
The Energy Information Administration ((EIA)) reports:
In 2019, about 142.23 billion gallons (or about 3.39 billion barrels) of finished motor gasoline were consumed in the United States, an average of about 389.68 million gallons (or about 9.28 million barrels) per day"
Let's look at the impact of a price change. If the Saudi-Russia oil price war lasts a year, for the American economy every penny per gallon that the gas price declines will be