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YGRN - The Daily Dose; Brent Is In Correction Mode
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
- Demand concerns finally catch up with commodities.
- Were cheap gas and complacency enough to put US drivers in a holiday mood?
Demand concerns are putting pressure on the energy market, with Brent threatening to drop below the $40 per barrel mark in early trading on Tuesday. Demand becomes a particular issue in the US economy, with the long holiday weekend marking an unofficial end to summer. Low retail gasoline prices and a complacency may have brought some demand back for products in the US economy, though those gains will be temporary. Elsewhere, jet