Oil at $150 a barrel is not “outside the realm” of possibilities, says one energy trader.
“It’s hard to take anything off the table right now. Russia is starting to retaliate with its own response to U.S. sanctions, whether that’s demanding payments in rubles or potentially not allowing crude to flow through a very prominent pipeline through Kazakhstan,” Rebecca Babin, senior equity trader for CIBC Private Wealth, told Yahoo Finance Live.
“As we’ve seen this escalate in ways that were very low…
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