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YGRN - Weekly Energy Recap: OPEC+ Picks Jaw Jaw Not War War
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Global storage capacity will start to ebb after governments sought to fill their strategic reserves.
Oil prices fell again to historical lows as the full impact of the largest oil output cut in history needed time to trickle down to the movement of barrels for May delivery.
Eventually global storage capacity will start to ebb after the low prices caused by the coronavirus pandemic encouraged massive purchases by governments seeking to fill their strategic reserves.
By the end of the week, Brent crude had retreated to $28.08 per barrel while WTI also fell to $18.27