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YGRN - U.S. Production Weighs On The Price Of Oil - Bullish And Bearish Factors In The Energy Commodity
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
The prices of WTI and Brent crude oil futures on the NYMEX division of the CME and the Intercontinental Exchange have been crawling higher since early October.
When it comes to the nearby NYMEX WTI futures, the third trip below the $51 per barrel level in early October took the price of the energy commodity to a low at $50.89 on the December futures contract. While the price oil nearby WTI crude oil has traded below $51 in October, August, and June this year, it has not probed below the $50 level.