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YGRN - Weekly Energy Recap: If Oil Prices Were Below $70 Would IEA Still Tell OPEC To Open Taps?
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Oil prices continued their rally for the third week in a row.
On the week closing, Brent crude rose to $72.69 per barrel, while WTI rose to $70.91 per barrel.
International benchmarks’ futures forward curves are further tightening, and the Arabian Gulf Dubai benchmark is trading at its steepest backwardation market structure for almost a year, which indicates supply tightness.