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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Messaging about the oil market by the largest three producers in the world - the United States, Russia, and Saudi Arabia - has become a three-ring circus. If there is one solid conclusion, they are not on the same page.
OPEC has arranged for a virtual meeting on April 9th to include its members plus additional non-members, most importantly, Russia. The list of invitees does not include the U.S. or Canada. Anti-trust law in the U.S. forbids even gathering to discuss commodity production-sharing agreements that would attempt to stabilize markets.