Oil Supply Won't Come Back as Quickly as Expected, Babin Says
Bloomberg 2026-06-30 13:34:27
Context: Rebecca Babin, a Senior Equity Trader at CIBC Private Wealth, has provided an analysis of the current oil market dynamics, suggesting that the market is overestimating the speed at which oil supply will recover. According to Babin, oil supply will not return to pre-conflict levels as quickly as expected. This assessment was shared during her appearance on "Bloomberg Surveillance."
Key Facts
- Rebecca Babin, Senior Equity Trader at CIBC Private Wealth, believes that 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, indicating a specific price range for oil.
- Babin's analysis was shared during her appearance on "Bloomberg Surveillance," a program where she discussed the current state of oil market dynamics.