Reported about 1 year ago
Rebecca Babin, CIBC Private Wealth US Senior Energy Trader, discussed on Yahoo Finance's Market Domination about the impact of OPEC's extended oil production cuts on gas prices (RB=F), foreseeing a lift to around $3.65-$3.70 this summer. The increase is expected as demand picks up and refiners gain more margin. Although concerns of rising gas prices impacting consumption are low, the ongoing inflation fear and its effect on the economy is prevalent.
Source: YAHOO