Oil nearly hit $120 on Monday and has since pared back to below $100. CIBC Private Wealth MD Rebecca Babin warns prices could spike again if there is no timeline for an end to the Iran war, saying 'panic could resume.' Expect renewed volatility and upside risk to energy prices and inflation, creating a risk-off backdrop for portfolios with energy or inflation-sensitive exposures.
Oil nearly hit $120 on Monday and has since pared back to below $100. CIBC Private Wealth MD Rebecca Babin warns prices could spike again if there is no timeline for an end to the Iran war, saying 'panic could resume.' Expect renewed volatility and upside risk to energy prices and inflation, creating a risk-off backdrop for portfolios with energy or inflation-sensitive exposures.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.30
