YGRN News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN From 04/13/21

Last Friday’s huge PPI number looked like it could cause a dramatic response in both bonds and stocks, as it came in at +4.2% (year over year), the largest gain since 2012. Bonds did not sell off violently, probably since some uptick was expected on the economic reopening, and ...

The forces driving oil prices lower. Is demand destruction for oil over? Will creeping inflation eventually take gold higher? For further details see: Oil And Gold: More Downside On The Horizon?

The economic restart has lifted commodity prices. Beyond that, we see structural trends leading to a divergence of fortunes in different commodities. The International Monetary Fund has raised its global growth forecast to 6% in 2021. U.S. stocks hit record highs and yields traded bel...

Russia's energy ministry forecasts production to never surpass its previous peak. In its base case, Russia's oil production is expected to recover to ~11.1 mb/d and peak there. In its most bullish case, it rises to ~12.8 mb/d. We wrote last year that the Saudi price war combined w...

On the week's closing, oil prices deteriorated and made the first weekly drop in three weeks. Brent crude oil price dropped to $62.95 per barrel, while still trading in the narrow range between $61 and $65 for more than three weeks. WTI crude oil price dropped to $59.32 per barrel...

The boost to crude reserves from ultra-deep fields looks to have run its course starting in 2017/2018. Net additions of reserves peaked in 2018 for oil and gas, and total remaining reserves peaked in 2018 for gas and will in 2019 for oil (whether locally or globally time will tell). ...

Commodity indexes are rallying as government stimulus and low interest rates fuel inflation expectations. Commodities can help investors hedge against inflation and diversify portfolios. Commodity exchange traded products (ETPs) offer convenient and affordable access to broad bask...

The Dubai Mercantile Exchange (DME) has launched a new trading platform that it says will enable market participants to trade multiple Arabian Gulf crude grades through the exchange, which lists the futures contract for medium sour Oman crude but just announced the launch of the Alternati...

OPEC+ surprised the market at the end of last week. Expectations heading into the meeting were that the group would rollover cuts. But instead the group has agreed to increase production by a little over 2MMbbls/d between May and July. For further details see: OPEC+ Set ...

Various OPEC+ peers have started announcing production boosts which can have a strong impact on oil price. These are numerous headwinds which help highlight how volatile the oil markets can be. We recommend continuing to hold oil market positions with caution after the recent run-...