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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
The outbreak of Coronavirus created demand destruction in the oil market. Throughout 2019 and into 2020, shares energy-related companies lagged both the crude oil and stock markets. The weak performance in the sector turned out to be a harbinger of lower prices for the price of crude oil. In early February, the price of nearby NYMEX crude oil futures probed below the $50 level for the first time since early 2019. Later in the month, the price slipped below the level for good.
At the late 2019 OPEC meeting, the oil cartel increased its production