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home / news releases / YGRN - Weekly Energy Recap: All Eyes On OPEC's Meet Next Week


YGRN - Weekly Energy Recap: All Eyes On OPEC's Meet Next Week

OPEC will meet next week on Dec. 5-6

Although Brent crude dropped below $63 per barrel by the week closing, oil prices are still very close to the levels that prevailed around OPEC's meeting six months ago when an output cut rollover was suggested till March 2020.

OPEC will meet next week on Dec. 5-6 and so far the efforts of the OPEC+ group of producers have been successful in absorbing the market surplus.

At the end of 2016, OECD stocks were 299 million barrels above the latest five-year average, which was OPEC's key measure

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Stock Information

Company Name: Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Stock Symbol: YGRN
Market: NYSE

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