Go offline with the Player FM app!
Greg Smith: Devon Funds Management says oil prices could rise 70%
Manage episode 490235525 series 2098285
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.
7299 episodes
Manage episode 490235525 series 2098285
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.
7299 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.