BNO Oil ETF: The Trend Is Going To Continue
December 25, 2019 at 09:15 AM EST
By QuandryFX BNO has strongly outperformed in 2019 due to roll yield from the backwardation seen in the Brent market – expect more into 2020. Crude production has slowed which means that Brent-competitive exports have likely peaked out. Given OPEC’s ongoing cuts, strength for Brent is likely to...