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YGRN - Weekly Energy Recap: 'Second Wave' Of COVID-19 Threatens To Shut Down Major Economies
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Both international benchmarks ended last week lower as Brent crude dropped to $41.92 per barrel and WTI crude prices fell to $40.25 per barrel.
A glut of oil stored onshore and offshore remains a concern for traders.
Speculators continue to argue that the global oil market will not be able to absorb the planned OPEC+ output increase at a time of weakening demand and as stockpiles continue to build.