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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
To say that the last few weeks in the crude markets have been volatile feels like an understatement. With prices surging in the wake of the Saudi attacks followed by an incredible decrease in the price per barrel, it has been a turbulent period.
In the following discussion, I will walk through the key reasons why I believe that the crude markets remain fundamentally tight and bullish. I believe that the market is seriously mispricing the OPEC cuts and that in the coming months, the price of crude oil will strongly increase.