through those routes. 0vernight, oil prices dipped, but will it last? for a closer look at the energy markets, let s speak to rebecca babin. she is a senior energy trader at cibc private wealth. great to have you on the programme. how much other concern is this price rise? 50 how much other concern is this price rise? ~ how much other concern is this price rise? ~ , . rise? so i think the concern right now is really rise? so i think the concern right now is really kind rise? so i think the concern right now is really kind of now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal, what it is concerned with right now and the reason it has risen 6%, is because the shipping costs associated with travelling around the southern tip of africa to reach its destination as around 15 days of travel time. it increases freight costs. and it has inc
i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing and looking at this point. the market has not entered a panic mode, as we ve seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now, it is a logistical re routing, what we are seeing, and not kind of that panic and fear that we are going to lose barrels. that obviously can change very rapidly, and we have seen that obviously can change very rapidly. the venezuelan president nicola
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Nora Cortiñas, a founder of Argentina's mothers of the 'disappeared,' dies at 94 bostonglobe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bostonglobe.com Daily Mail and Mail on Sunday newspapers.