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04-14-2018 08:49 AM
Not at all saying I want a war or anything of the sort for $5 corn. I`m just sitting at the poker table looking at the hands we`re being dealt.
Oil prices could rally to $100 a barrel if Middle East tensions 'really kick off,' analyst says
- "I don't think its unfeasible to see triple-digit oil prices at some point this year if things really kick off in the Middle East," Anish Kapadia, founder and managing director of Akap Energy, told CNBC's "Street Signs" on Friday.
- Both benchmarks were on track to post their biggest weekly gain in more than eight months on Friday.
- World leaders continued to mull over military action on Friday, in response to a suspected chemical attack in Syria over the weekend.
Oil prices could soon skyrocket to more than $100 a barrel amid escalating tensions in the Middle East, one oil analyst told CNBC Friday.
Crude futures surged to highs not seen since December 2014 earlier in the week, underpinned by greater geopolitical uncertainty in Syria and elevated concerns over the prospect of imminent military action by Western powers.
"I don't think its unfeasible to see triple-digit oil prices at some point this year if things really kick off in the Middle East," Anish Kapadia, founder and managing director of Akap Energy, told CNBC's "Street Signs" on Friday.
04-15-2018 07:27 AM
I object to the wholesale export of a finite resource needed for everyday life as we know It.
Corn, beans, Milo, sugar, cotton, etc are all renewables. Oil and natural gas are NOT.
Not good for the long game. Looks very nearsighted to me. All for a quick stack of green colored strips of paper.
04-15-2018 08:55 AM
Time, can corn have a sustainable rally if oil remained cheap of <$50? Like a few years ago, we felt $7 corn was a pretty firm foundation and oil was $100-$150, gold $1800, ect. It just seems to me that expectations of corn over $4.30 on the board have be very tempered if oil is stuck in a $50-$60 trading range. $100 oil? All bets off.
04-15-2018 10:41 AM
Spot on Hobby - first we are told we need ''' energy independence '' , now the Syria EXCUSE , YAA RIGHT ---
IN comparison might be ''' preventive plantings '' in Rhode Island - - -
The word '' UN-BELIEVABLE '' makes another appearance at the poker table ---