Rebecca Babin, senior energy trader at CIBC Private Wealth U.S., joins CNBC’s ‘Squawk Box’ to explain why she believes crude oil’s break below $80 a barrel feels like the “stage of death” in a bullfight. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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20 Comments
Olé ! 😂
No stamina is like giving up working out…..Im long, hang n there…
Market types, especially technical market types, always extrapolate the immediate moment forward like its the future forever……big mistake n my view
Basically she just want the Fed to bailout ARKK dumpster fire.
Be happy when brainless ppl over shorting the market & hold. More upside when the short squeeze happens!!! Lol
Guesstimates were $115-$125 at GS, now they are $90-$95 as we see reality setting in. Hingeing on whether Putin does something stupid or not is a cop out response. The planet is assuming that Russian oil and gas will be removed from the European market and that has already been priced in. This a demand destruction story regardless of what Russia’s Napoleonic leader does.
We'll be seeing $100+ oil very very soon.
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Slow recovery in China …understatement of the day.
How low will the Pentagon let Joe empty the Strategic oil Reserves?
of course they have lose their will to fight. U.S with their national oil reserves at 100s of millions of barrels of oil and willing to sell them all to suppress the market price so that Russia doesn't make any profits from selling their oil
Oil is going to go sky high, but you need to be patient. Buy oil stocks now and wait until the dementia patient in the White House gets booted out and the real recovery begins.
Oil is already under $80 and Russia can't afford to keep their oil off the market.
Scary if Price cap in November on Russian oil could hurt all of us if Russia stops selling natural gas and oil to other Europe. We could see $200 oil and I hope not
MUH 200$ per barrel !!!! wet dreams…
Under $50 isn't an option?
Disappointed
Capitulation occurs right before the sudden Rush Up. All is my opinion.
PUTIN will use EMP
✨💛🙏🏻💙✨