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YGRN - Weekly Energy Recap: Prices Remain In Narrow Band
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Brent crude declined to $41.02 per barrel last week as WTI also retreated to $38.49 per barrel. Both grades were down by about a dollar.
On a monthly basis, Brent has been moving in a narrow range between $38 and $42 per barrel since the end of May.
This is a healthy sign both for the oil market and the wider global economy, especially given the upheaval caused by the pandemic and the recent pickup in cases across some major economies.
The slight drop in oil prices might be explained by the record spike in