IAHL Corporation (IAHL)

[energybuyer]

Oil at $150 per barrel 'is not outside the realm of possibility': energy trader
Ines Ferré
Ines Ferré·Markets Reporter
Wed, March 23, 2022, 3:21 PM
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MCL=F
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CL=F
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Oil at $150 a barrel is not "outside the realm" of possibilities, says one energy trader.

"It's hard to take anything off the table right now. Russia is starting to retaliate with its own response to U.S. sanctions, whether that's demanding payments in rubles or potentially not allowing crude to flow through a very prominent pipeline through Kazakhstan," Rebecca Babin, senior equity trader for CIBC Private Wealth, told Yahoo Finance Live.