Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Oil Supply Won't Come Back as Quickly as Expected, Babin Says
Business & Finance

Oil Supply Won't Come Back as Quickly as Expected, Babin Says

Oil Supply Won't Come Back as Quickly as Expected, Babin Says
Bloomberg Markets Tuesday 30 June 2026, 13:34 UTC 1 min read
Key Points

Jun 30th, 2026 Oil Supply Won't Come Back as Quickly as Expected, Babin Says Rebecca Babin, Senior Equity Trader at CIBC Private Wealth, discusses the current state of oil market dynamics. She says the market is overestimating the speed at which oil supply will return to pre-conflict levels. Babin expects oil prices to settle between $75 and $80 per barrel by the end of the year.

Jun 30th, 2026 Oil Supply Won't Come Back as Quickly as Expected, Babin Says Rebecca Babin, Senior Equity Trader at CIBC Private Wealth, discusses the current state of oil market dynamics. She says the market is overestimating the speed at which oil supply will return to pre-conflict levels. Babin expects oil prices to settle between $75 and $80 per barrel by the end of the year. She speaks on "Bloomberg Surveillance." [Image text:] CRUDE OIL INUS SPR Twenty Year 331,191.00 357,407.00 DOESSPR 730000 '10 '14 '18 22 530000 330000
Babin (PERSON) 2026 Oil Supply (EVENT) Rebecca Babin (PERSON) CIBC Private Wealth (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Retiring abroad sounds amazing. What could possibly go wrong?

We hear about the older Americans who bask in apparent paradise far from home — but that’s not the whole story.

MarketWatch 6m ago

Supreme Court upholds birthright citizenship, blocks Trump order

The Supreme Court on Tuesday upheld the right to citizenship for people born in the United States, rejecting an executive order by President Donald Trump that sought to undo that longstanding constitutional principle for children born to many immigrants. "Children born in the United States to parents unlawfully or temporarily present are 'subject to the jurisdiction' of the United States and are citizens at birth under the Fourteenth Amendment's Citizenship Clause," the ruling said. The...

CNBC 11m ago

We're selling some shares of a parabolic mover, more than tripling our money

We're selling 50 shares of Corning at roughly $267. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 450 shares of GLW, decreasing its weighting in the portfolio to 3% from about 3.33%. We're selling more Corning into strength as shares of the glassmaker extend their recent parabolic run.

CNBC 12m ago

Supreme Court strikes down limits on political parties' campaign spending, in win for GOP

watch now The Supreme Court on Tuesday struck down limits on the amount that political parties can spend in coordination with candidates for office, notching a win for Republicans who argued the restrictions violated the First Amendment. The 6-3 ruling, which was opposed by the court's liberal justices, overturns coordinated-expenditure limits that had been in place for decades and withstood a previous legal challenge 25 years earlier. This is breaking news.

CNBC 12m ago