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☆ May see some unwinding of tail hedges on oil prices, says Rebecca Babin
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMay see some unwinding of tail hedges on oil prices, says Rebecca BabinRebecca Babin, Senior Energy Trader at CIBC Private Wealth, discusses Iran's strike on Israel and the impact on oil prices.

Persons: Rebecca Babin Rebecca Babin Organizations: Senior Energy, CIBC Private Wealth Locations: Israel

☆ It happened again: These 20 House members, mostly Republican, voted against millions in funding for their own districts
▼ + stars: | 2024-03-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

"Ultimately, I don't control what the final language of the total funding bill will be," said Higgins. Higgins voted against the bill, despite securing $2.3 million in federal funding for an emergency operations center at the port in Morgan City, Louisiana. He was one of 20 House members — 15 Republicans and 5 Democrats — who voted against Friday's government funding bill despite securing so-called "earmarks," known officially as congressionally directed spending. Related storiesThe other 30% was contained in a separate funding bill passed roughly two weeks ago, but that bill contained far more earmarks, especially for House members. Nonetheless, 42 House members who secured earmarks voted against it anyway, 40 of whom were Republicans.

Persons: —, Clay Higgins, couldn't, Higgins, congressionally, Pramila Jayapal, Mandel Ngan, Marjorie Taylor Greene, Mike Johnson, Pramila, Jayapal, Greene, Lauren Boebert, Brian Babin, Texas Gus Bilirakis, Florida John Curtis of, Florida John Curtis of Utah Mike Ezell, Mississippi Garrett Graves, Louisiana Michael Guest, Mississippi Diana Harshbarger, Tennessee Clay Higgins, Louisiana Trent Kelly, Mississippi Burgess Owens, Utah Mike Rogers, Alabama Chris Smith of, Alabama Chris Smith of New Jersey Greg Steube, Florida Jeff Van Drew, New Jersey Randy Weber of Organizations: Service, Louisiana Republican, Business, Pentagon, State Department, Department of Homeland Security, Democratic, Seattle Public Library, Getty, Republican, Republicans, GOP, Congressional Progressive Caucus, UN Relief and Works Agency, Louisiana, Alabama Chris Smith of New, New Locations: Louisiana, Morgan City , Louisiana, AFP, Marjorie Taylor Greene of Georgia, Gaza, Washington, Colorado, Texas, Florida, Florida John Curtis of Utah, Mississippi, Utah, Alabama, Alabama Chris Smith of New Jersey, New Jersey, New Jersey Randy Weber of Texas

☆ LVMH takes aim at $30 billion watch market with high-end, reinvented pieces
▼ + stars: | 2024-02-03 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

Sales of luxury watches worldwide are estimated at about $30 billion this year, according to market research firm IMARC Group. A Zenith luxury watch at 2024 Watch Week in Miami. A Bulgari Serpenti Secret watch at 2024 Watch Week in Miami. A TAG Heuer luxury watch at 2024 Watch Week in Miami. A Zenith luxury watch at 2024 Watch Week in Miami.

Persons: Louis Vuitton, Bulgari, Dior, Frederic Arnault, LVMH, Bernard Arnault, CNBC Frederic Arnault, Benoit de Clerck, Jean, Christophe Babin, Babin, women's, —, Diamant, Tourbillon, Julien Tornare Organizations: IMARC, TAG, Zenith, CNBC, LVMH's, Executives, CNBC LVMH, CNBC TAG, Carrera, TAG Heuer Locations: Miami, America, U.S, Swiss, LVMH

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Brent crude futures were down 60 cents, or 0.7%, at $79.98 a barrel. U.S. West Texas Intermediate (WTI) crude futures lost 68 cents, or 0.9%, to $74.86. OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday, an OPEC+ source said on Monday. The Middle East crisis had impacted oil prices as investors worried about impacts on supply.

Persons: Angus Mordant, Rebecca Babin, Goldman Sachs, Arathy Somasekhar, Paul Carsten, Florence Tan, Mohi Narayan, Peter Graff, Mark Potter, Tomasz Janowski, Cynthia Osterman, David Gregorio Our Organizations: REUTERS, HOUSTON, Brent, . West Texas, Organization of, Petroleum, Reuters, Saudi, CIBC Private Wealth, ING, OPEC, United, International Energy Agency, Qatar, Hamas, U.S . Commodity Futures Trading Commission, Thomson Locations: Loving County , Texas, U.S, Saudi, Russia, OPEC, Saudi Arabia, United Arab Emirates, Iraq, Turkey, United States, Gaza, Houston, London

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Brent crude futures were down 60 cents, or 0.7%, at $79.98 a barrel, while U.S. West Texas Intermediate (WTI) crude futures lost 68 cents, or 0.9%, to $74.86. "We still expect an extension of the unilateral Saudi and Russia cuts through at least the first quarter of 2024," the bank added. Higher crude stockpiles in the United States have also put downward pressure on prices, analysts said. The Middle East crisis had impacted oil prices as investors worried about impacts on supply.

Persons: Angus Mordant, Rebecca Babin, Goldman Sachs, Arathy Somasekhar, Paul Carsten, Florence Tan, Mohi Narayan, Peter Graff, Mark Potter, Tomasz Janowski, Cynthia Osterman Organizations: REUTERS, HOUSTON, Brent, U.S, West Texas, Organization of, Petroleum, Reuters, Saudi, CIBC Private Wealth, ING, OPEC, United, International Energy Agency, Qatar, Hamas, Thomson Locations: Loving County , Texas, U.S, Saudi, Russia, OPEC, Saudi Arabia, United Arab Emirates, Iraq, Turkey, United States, Gaza, Houston, London

☆ We're not seeing the oil inventory draws that we've seen despite robust supply: CIBC's Rebecca Babin
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're not seeing the oil inventory draws that we've seen despite robust supply: CIBC's Rebecca BabinRebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss the state of the oil market after prices slid to their lowest levels in months, the impact of waning demand in the U.S. and China, and more.

Persons: we've, Rebecca Babin Rebecca Babin Organizations: CIBC Private Wealth Locations: U.S, China

☆ As shutdown looms, US House Republicans search for stopgap solution
▼ + stars: | 2023-11-07 | by ( David Morgan | ) www.reuters.com time to read: +4 min

House Speaker Mike Johnson, the top Republican in Congress, described the closed-door debate as "positive." House Republicans are focused on passing full-year appropriations bills for transportation, housing, urban development and financial services. The chamber has passed seven partisan Republican bills of the 12 spending measures needed. "What we need is bipartisan solutions," Representative Pete Aguilar, chair of the House Democratic conference, told reporters. Another option on the House Republican table would be to negotiate with the Democratic-led Senate on a "clean" CR that can pass both chambers quickly.

Persons: Mike Johnson, Nathan Howard, Everybody's, Brian Babin, Johnson, Dusty Johnson, Pete Aguilar, Eli Crane, Crane, Mike Garcia, David Morgan, Scott Malone, Stephen Coates, Leslie Adler Organizations: Republican, U.S, Capitol, REUTERS, Rights, . House, Democratic, Republicans, Democrats, Internal Revenue Service, House Democratic, Social Security, Thomson Locations: Washington , U.S, Israel, Ukraine, Mexico

I haven't seen it like this before," said Republican Representative Brian Babin, who voted for Jordan. A small group of Republicans ousted McCarthy from the speaker's chair on Oct. 3, and the chamber's No. "We need a plan more than a person right now," said Republican Representative Bruce Westerman, who also voted for Jordan. Democrats and two past Republican House speakers have backed that idea, but McHenry himself has not. "Intimidating and threatening tactics do not - and will not - work," Republican Representative Mike Simpson wrote on social media.

Persons: Evelyn Hockstein, Jim Jordan, Donald Trump, Kevin McCarthy, McCarthy, Jordan, Brian Babin, Steve Scalise, Bruce Westerman, Patrick McHenry, Hakeem Jeffries, who's, MAGA, Jeffries, McHenry, you've, Steve Womack, shutdowns, Joe Biden's, Biden, undercutting, Mike Simpson, David Morgan, Moira Warburton, Makini Brice, Katharine Jackson, Andy Sullivan, Scott Malone, Grant McCool Organizations: U.S . House, U.S, Capitol, REUTERS, Rights, Ohio, Republicans, Republican, Democrats, Lawmakers, White, Senate, Thomson Locations: Washington , U.S, U.S, Israel, Ukraine, Ohio, Washington

"The most serious outcome for crude is that the conflict escalates into a more devastating proxy war which could affect crude supply," said Rebecca Babin, senior energy trader at CIBC Private Wealth US. Israel's port of Ashkelon and its oil terminal have been shut in the wake of the conflict, sources said. Goldman Sachs said the conflict reduced the likelihood of normalization of Israel's relations with Saudi Arabia, and the associated boost to Saudi production over time. The conflict is likely to lead to higher volatility and speculation in oil markets, the CEO of Brazil's Petrobras (PETR4.SA) said. High oil price due to the conflict could bolster inflation, analysts said, forcing rate hikes that could dampen demand.

Persons: recouping, Brent, WTI, Israel, Rebecca Babin, Agustin Marcarian, Goldman Sachs, Caroline Bain, Saxo Bank's Ole Hansen, Nicolas Maduro, Arathy Somasekhar, Natalie Grover, Andrew Hayley, Emily Chow, Kirsten Donovan, Lisa Shumaker, David Gregorio Our Organizations: HOUSTON, . West Texas, Reuters Graphics Reuters, Hamas, CIBC Private Wealth, Israel, REUTERS, Saudi, Analysts, Capital Economics, U.S, Petrobras, PETR4, Thomson Locations: Saudi, Israel, Ashkelon, Israel US, Venezuela, Palestinian, Gaza, Saudi Arabia, Washington, Riyadh, Vaca, Patagonian, Neuquen, Argentina, Moscow, U.S, Iran, Russia, Caracas, Mexico, Tel Aviv, Houston, London, Beijing, Singapore

☆ Short-sellers have been flushed out of the oil market, says CIBC's Rebecca Babin
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShort-sellers have been flushed out of the oil market, says CIBC's Rebecca BabinRebecca Babin, Senior Energy Trader at CIBC Wealth, discusses Saudi Arabia and Russia's decision to extend oil production cuts to the end of the year.

Persons: CIBC's Rebecca Babin Rebecca Babin Organizations: Senior Energy, CIBC Wealth Locations: Saudi Arabia

☆ Oil prices are up 20% and energy stocks are rebounding
▼ + stars: | 2023-08-04 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

New York CNN —Energy stocks are making a comeback after being left for dead earlier this year. Energy stocks faltered in the beginning of the year, defying investors’ expectations for last year’s boom to accelerate on a lack of global supply. That drop in energy stocks came despite OPEC+ producers, the cartel of oil producing countries plus Russia, announcing several output cuts in a bid to bump up crude prices. US WTI crude oil prices have gained 22% since June 11, while global benchmark Brent is up by 19%. Jobs report will likely be strongMarkets and economists are expecting another solid jobs report on Friday, reports my colleague Alicia Wallace.

Persons: That’s, what’s, ”, Rebecca Babin, Chevron, Derek Amey, Jobs, Alicia Wallace, Daniel Zhao, Refinitiv, Read, Here’s what’s, Danielle Wiener, Bronner, We’ve, ” Read Organizations: CNN Business, Bell, New York CNN — Energy, Energy, OPEC, Brent, Federal Reserve, CIBC Private Wealth, titans, Shell, Reuters, Glassdoor, USA Rice Federation Locations: New York, Russia, Saudi Arabia, China

☆ Crude oil rally can continue if the supply side holds true, says CIBC's Rebecca Babin
▼ + stars: | 2023-07-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrude oil rally can continue if the supply side holds true, says CIBC's Rebecca BabinRebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss the crude oil market, what it'll take for the rally to continue, and more.

Persons: CIBC's Rebecca Babin Rebecca Babin Organizations: CIBC Private Wealth

☆ Here are all of the Republican elected officials backing Trump's 2024 campaign
▼ + stars: | 2023-04-10 | by ( Bryan Metzger | Oma Seddiq | ) www.businessinsider.com time to read: +11 min

Michael Burgess — the Texas congressman endorsed Trump in March after being named to the former president's campaign's Texas leadership team. Eli Crane — the Arizona freshman tweeted his support for Trump's 2024 bid the night of his announcement. Barry Moore — the Alabama congressman endorsed Trump in a radio interview in December, citing the former president's "experience level." 3 House Republican endorsed Trump days before his widely expected 2024 announcement in November. Roger Williams — the Texas congressman endorsed Trump in March after being named to the former president's campaign's Texas leadership team.

☆ Babin: These are real production cuts by OPEC+, and it shows Saudi Arabia is very serious about this
▼ + stars: | 2023-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBabin: These are real production cuts by OPEC+, and it shows Saudi Arabia is very serious about thisRebecca Babin of CIBC Wealth discusses the short and longer-term impact of the surprise production cut unveiled by OPEC+ this weekend, and whether it could push oil prices back towards $100 a barrel.

Oil futures have fallen over 8% since last Friday as the collapse of SVB Financial (SIVB.O) and peer Signature Bank (SBNY.O) prompted concerns of a wider banking crisis. Investors in the oil market, including oil producers, have rushed to buy put options, used to either bet on or protect against downside movement. For U.S. crude futures options open interest, the ratio of puts to calls is the highest since August 2022. The discount of later-dated oil futures contracts to the front-month contract tightened on Wednesday, indicating that market participants were less confident in short-term demand. That short-term uncertainty should buoy put buying, Price Futures Group's Flynn said.

☆ A real estate investor who owns over 1,000 units shares the 21 investing, personal development, and leadership books that helped him find financial freedom at age 36
▼ + stars: | 2023-03-03 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +14 min

Today, real estate investor Dave Allred has ownership in over 1,250 units across the country. He shared the 21 books that helped him achieve financial freedom at age 36. These books cover real estate and investing, personal development, business, and leadership. In a recent interview, Allred shared with Insider the 21 books — spanning areas such as real estate, investing, personal development, business, and leadership — that helped him find success. This principle is especially close to Allred's heart, since reverse engineering his financial freedom took a meticulous goal-setting process.

☆ Crude prices rising above $100 in six months seems 'overzealous', says Rebecca Babin
▼ + stars: | 2023-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrude prices rising above $100 in six months seems 'overzealous', says Rebecca BabinRebecca Babin, CIBC Private Wealth senior energy trader and managing director, joins 'Squawk Box' to discuss Babin's six-month outlook for energy, why the oil market isn't already near $100 a barrel and Babin's outlook for refined products.

☆ US stocks finish higher after volatile session as S&P 500 breaks out of slump
▼ + stars: | 2023-02-23 | by ( Brian Evans | ) www.businessinsider.com time to read: +1 min

US stocks closed higher on Thursday after a choppy trading session. Major indexes swung between gains and losses throughout the trading day. The S&P 500 broke a four-day losing streak to end the day with a moderate gain. The release of minutes on Wednesday from the latest FOMC meeting suggested the Federal Reserve could keep rates higher for longer. Oil prices could climb 25% in the next six months, according to CIBC Private Wealth senior equity trader Rebecca Babin.

☆ Near-Collisions on Runways in New York and Texas Rattle Aviation Officials
▼ + stars: | 2023-02-07 | by ( Micah Maidenberg | ) www.wsj.com time to read: 1 min

A FedEx cargo plane was involved in a close call on a runway in Austin, Texas, this month. WASHINGTON—Air-safety officials and members of Congress are raising fresh concerns about recent near-collisions on runways in New York and Texas, close calls that threatened a relatively long stretch without domestic aviation accidents involving major planes. “We can’t take our eye off the ball,” Rep. Brian Babin (R., Texas) said at a House Transportation Committee hearing Tuesday focused on the Federal Aviation Administration.

☆ Babin: A lot of traders got sucked into the "Jedi mind trick" of being long crude in 2022
▼ + stars: | 2022-12-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBabin: A lot of traders got sucked into the "Jedi mind trick" of being long crude in 2022Rebecca Babin, senior energy trader at CIBC Private Wealth, discusses the wild ride oil prices went on in 2022, and where crude may head in 2023, with China, Russia and the U.S. SPR playing potential factors again next year.

☆ Bulgari says wealthier consumers continue to spend despite growing recession fears
▼ + stars: | 2022-11-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBulgari says wealthier consumers continue to spend despite growing recession fearsJean Christophe-Babin of Bulgari Group says while demand for entry-level products tends to contract in recessionary times, higher-end consumers still have disposable income.

☆ Oil prices lower as outlook grows bearish. Traders fear weak China demand more than impact of Russian sanctions
▼ + stars: | 2022-11-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

Oil prices were volatile Monday as traders considered the possibility of weakening Chinese demand and a growing view that world could have sufficient supplies even with a European ban on Russian oil. The firm cited China's Covid restrictions and a lack of clarity on G-7 price caps on Russian crude for the new outlook. The European Union's ban on seaborne Russian oil starts Dec. 5. "Every fundamental signal in the crude market right now is bearish," she said. At least for now, the market expects there will be sufficient supplies even with Russian sanctions, Babin said.

The market was supported by another decline in U.S. oil inventories as refineries picked up activity ahead of the winter heating season. The oil market held its rally even as stocks fell and the dollar rallied after Federal Reserve Chair Jerome Powell said it was premature to think about pausing rate increases. U.S. crude oil stocks fell about 3.1 million barrels on the week, according to federal data. Gasoline inventories while distillate stocks rose only marginally ahead of the key heating season, when demand is expected to pick up. The ban, a reaction to Russia's invasion of Ukraine, will be followed by a halt on oil product imports in February.

"That announcement was making it appear like he was throwing a bone to the oil industry," said Tricia Curtis, CEO of consultancy PetroNerds, who dismissed the offer. Register now for FREE unlimited access to Reuters.com Register"What if oil does not fall to that price: Do we just keep our reserves low?" U.S. oil prices hit $120 per barrel this year and did not trigger a production boom because of shortages and high costs for labor and equipment, said Hunter Kornfeind, oil market analyst at Rapidan Energy Group. Rebecca Babin, senior energy trader at CIBC Private Wealth, said tight oil supplies have pushed up price expectations into 2024. If the Biden administration wants to boost oil supplies, it "should change its policies around producing more oil and gas in the United States," said Frank Macchiarola, a senior vice president at trade group American Petroleum Institute.

☆ Oil markets are facing a demand concern, says CIBC's Rebecca Babin
▼ + stars: | 2022-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil markets are facing a demand concern, says CIBC's Rebecca BabinRob Thummel, Tortoise portfolio manager, and Rebecca Babin, CIBC Private Wealth senior energy trader, join CNBC's 'Squawk Box' to break down where investors can find opportunities in the energy sector.

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