We are still closer to the ceiling than the floor in crude prices: CIBC’s Rebecca Babin – Video

We have seen an unwind in hedges following geopolitical tensions between Israel and Iran avoided the worst-case scenario. That is according to Rebecca Babin, senior energy trader at CIBC Private Wealth. She says we will start to see investors reestablish long positions once we get closer a fundamental price of $80 Brent and $77 WTI.