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YGRN - Weekly Energy Recap: Breaking Through $40 Oil
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Brent crude oil rebounded to a near 20-week high at $42.80 per barrel as WTI also rose to $40.32 per barrel. Brent averaged $40 per barrel for the month of June, almost the same as for the entire first half of the year.
Oil prices have moved in a narrow band for most of the past two months as OPEC+ output cuts achieved the desired goal of bringing stability to a market threatened by volatility. Now that another price plunge of the kind seen in April appears unlikely, the second half of the year may