CIBC oil specialist Rebecca Babin sees crude headrd back above US$80

Rebecca Babin, senior energy trader at CIBC Private Wealth, says the cost of diverting tankers from the Red Sea is a major factor supporting oil. She argues that OPEC+ is determined to support prices by keeping down production and she sees crude topping US$80 later this year. Subscribe to BNN Bloomberg to watch more videos: https://www.youtube.com/BNNBloomberg Connect with BNN Bloomberg: For the latest news visit: https://www.bnnbloomberg.ca For a full video offering visit BNN Bloomberg: https://www.bnnbloomberg.ca/video BNN Bloomberg on Facebook: https://www.facebook.com/BNNBloomberg BNN Bloomberg on Twitter: https://twitter.com/bnnbloomberg BNN Bloomberg on Instagram: https://www.instagram.com/bnnbloomberg BNN Bloomberg on LinkedIn: https://www.linkedin.com/company/bnn-bloomberg -- BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.