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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
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.
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