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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO
On the week closing, Brent crude decreased slightly and ended the week at $69.22 per barrel. WTI crude prices ended the week lower at $65.61 per barrel.
With the US dollar at its strongest value since November 2020, like many dollar-denominated commodities oil prices have been inversely correlated.
The steep rise in the value of the US dollar in recent weeks wasn't able to push down oil prices, which remained well above $65 per barrel for both international benchmarks Brent and WTI.