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NRGZ - Weekly Energy Recap: OPEC+ Keeps Market In Check
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E Sr MedTrm Nt
Brent crude remained below the $60 per barrel barrier but made a slight rebound over the week to finish at $58.64 per barrel. WTI also achieved a slight weekly rise to $54.87 per barrel.
Global financial markets wobbled, with traders and speculators looking to cash out amid fears of a looming global recession - the same driver for current jitters in the oil markets.
Equity market traders and oil future market speculators have been selling after the US Treasury bond yield curve inverted for the first time since 2007. The US short-term bond yields dipped