Oil Supply Won't Come Back as Quickly as Expected, Babin Says
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Rebecca Babin, Senior Equity Trader at CIBC Private Wealth, discusses the current state of oil market dynamics. She says the market is overestimating the speed at which oil supply will return to pre-conflict levels. Babin expects oil prices to settle between $75 and $80 per barrel by the end of the year. She speaks on "Bloomberg Surveillance." -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://
Tags: Annmarie Hordern, Gasoline, Iran, Lisa Abramowicz, OPEC, Offshore oil, Oil, Rebecca Babin, STOCK, Strait of Hormuz, War, crude, oil prices
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