CIBC's Babin Sees Increasing Probability of $100 Oil

The video discusses the impact of political rhetoric, particularly from Trump, on oil prices. It examines Saudi Arabia's oil production capacity and the challenges of meeting global demand. The discussion highlights market risks, including geopolitical tensions and supply disruptions, and considers the long-term outlook for oil prices, emphasizing the importance of demand factors.

What is the main reason for the current political rhetoric around oil prices?

• Direct impact on supply and demand

• Blame game between countries

• Decrease in oil consumption

• Increase in oil production

What is the spare capacity of Saudi Arabia as discussed in the video?

• 10 million barrels

• 13 million barrels

• 12 million barrels

• 11 million barrels

Which countries are mentioned as important producers filling the Iran gap?

• Libya, Nigeria, and Iraq

• Venezuela and Russia

• Canada and Mexico

• Brazil and Argentina

What is the main concern for the future of oil prices?

• Decrease in global oil demand

• Emerging markets and trade wars

• Stable US economy

• Increase in renewable energy sources

What is the probability of oil reaching $100 as discussed?

• 30%

• 20%

• 10%

• 5%