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

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. 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.