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YGRN - Watch Those Crack Spreads As Volatility In Crude Oil Rises
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
It is a nervous and volatile time in the crude oil market. A US drone attack in Baghdad killed the leader of the Iranian revolutionary guard who was second only to the Ayatollah in the nation. The US attack sent the political temperature in the Middle East to the highest level in decades. Iran pledged to avenge the murder. On January 7, Iran delivered an attack on military bases in Iraq that house US troops. As the rockets crossed into Iraq, the Iranians warned the US against any response.