NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 12/25/20

The OPEC+ agreement has had a limited effect on oil price pre-COVID-19. With the exception in March and April, OPEC+ news seems to have had a modest and short-term effect on oil prices since then. Looking forward, the progress of the COVID-19 pandemic and the roll out of the vacci...

This bull market has been led by growth stocks, which is what we would expect from a strong dollar environment. The surge in growth stocks relative to value during the virus has been extreme. Like other domestic assets, US real estate has outperformed international. However, like EM s...

News of vaccines and the Biden presidency provided optimism to investors causing the market to rally. WTI touched almost $50 while Brent crossed $50 for the first time since March. However, news of a new strain of COVID19 has caused panic and cast doubts on prospects of recovery. ...

Just when things were starting to look better for black gold, with WTI transitioning to $50/bbl resistance, a series of announcements over the weekend showed crude investors that they're not out of the woods just yet."The oil market has been on a bull trend in the past month or so, ignoring n...

Why 2021 is shaping up to be a good year for commodities. The bull case for gold in 2021. The bull case for silver in 2021. For further details see: 2021: A Bullish Year For Gold, Silver And Oil?

Oil prices continued to rise for the seventh week in a row. On the week closing, Brent crude rose to $52.26 per barrel and WTI crude moved up to $49.10 per barrel. The US Energy Information Administration reported a crude oil inventory decline of 3.1 million barrels. For fur...

"We are meeting monthly because we believe that the market is still not recovered and is still extremely volatile," Russian Deputy Prime Minister Alexander Novak told reporters after talks in Riyadh. "We need to adopt a hands-on approach and be able to react faster."The accelerated schedule o...

World total liquids output was 92,530 kb/d in November an increase of 1620 kb/d. OPEC expects demand for OPEC crude to be 26 Mb/d for 2021Q1, if they are able to maintain an output level of 25 Mb/d for the quarter and their demand estimate is correct, then petroleum stocks will be red...

The big theme in the oil market has been the battle between East vs West. Strong Asian demand vs. falling demand in the West. As western countries continue to suffer from rising COVID case counts, Asia demand has improved to being higher y-o-y. On the surface, one would think Asia...

Following OPEC in cutting its forecast for oil demand growth in 2021, the IEA also expects a slower rebound than initially anticipated as the aviation sector takes longer to recover from the pandemic amid border closures and travel restrictions."It is possible that, after the upcoming holiday...