SCrude oil prices (CL=F, BZ=F) slipped on news that the OPEC+ meeting between member countries has been pushed back to Thursday, November 30, unleashing uncertainty onto energy markets over the extent of OPEC’s production cuts. CIBC Private Wealth Senior Energy Trader Rebecca Babin sits down to talk about the price action manifesting in the oil market on rising demand heading into 2024.
“Right now, it’s a ‘sell the rally, be short crude.’ 2024 isn’t going to perform as well as 2023,” Babin says. “I think we have overshot, I think the fundamental base case is we trade in that $80-85 range. And we’ll get back there.”
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Oil is a commodity, NOT a financial instrument. 🛢 There is NO way for those futures traders to meet delivery.
How come all the experts are women?
@@Patrick-yh5yd 😆no
Russia will pump as much as they can for cash.
I am from India. Looking invester for my business idea
smash that repeat button!
everythiing seems to be good question for her. I also have a question. Are you single?
Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.
Actually, you can blame the Fed for manipulating the market by keeping interest rates artificially low for the last decade. They created this mess and now there’s no way to fix it without completely crashing the market. And I’m OK with that..
You can also blame the Fed but most of it goes to those investors that have made life difficult for the 61% of people that are living paycheck to paycheck and can’t afford to buy a home because of these investors that gobble up the properties and jacking up the rent and buying price for a home. That’s BS..
He’s mainly talking about CA real estate in the Bay Area for this video. Many real estate investors in other parts of CA, and even other states, are still doing well. In CA, I’m sure the lack of supply to meet demand, rising construction costs, extremely long process to approve housing projects, and high property taxes are just a few things causing high housing prices in the state. It’s bias to just use real estate investors as the scapegoat to “a major reason why the real estate market is the way that it is now”.<>
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment…
Please who is the consultant that assist you with your investment and if you don’t mind, how do I get in touch with this person..
These talking heads do not know what they are talking about.. They blow in the direction of the market. They really don’t know.