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Greg Smith: Devon Funds Management says oil prices could rise 70%

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Manage episode 490235525 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Global oil prices are forecast to increase in the wake of US airstrikes against Iran.

Greg Smith from Devon Funds Management told Mike Hosking analysts are forecasting a rise in oil prices, from anywhere from 5% to 70%.

Currently, oil prices sit at around $75 per barrel. But Smith warns prices could rise to $130 a barrel.

The increasing cost of food around the world was also discussed this morning as the price of rice in Japan has doubled due to inflation.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

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7299 episodes

Artwork
iconShare
 
Manage episode 490235525 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Global oil prices are forecast to increase in the wake of US airstrikes against Iran.

Greg Smith from Devon Funds Management told Mike Hosking analysts are forecasting a rise in oil prices, from anywhere from 5% to 70%.

Currently, oil prices sit at around $75 per barrel. But Smith warns prices could rise to $130 a barrel.

The increasing cost of food around the world was also discussed this morning as the price of rice in Japan has doubled due to inflation.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7299 episodes

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