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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
By Blu Putnam
At a Glance
Roundtable with economists, traders examines the effect of surging U.S. production and geopolitical events in the Middle East.
The Middle East oil risk premium is a fraction of what it was a decade ago.
The mid-September 2019 drone strike on a Saudi Arabian oil facility and the early January 2020 killing of an Iranian general and retaliation on a U.S. military base in Iraq were both events that caused an abrupt $5-8/barrel increase in the price of oil, followed by a quick reversal. A decade or two ago, these