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Title : Middle East Tensions Could Put The Price Of Oil At Over $100 Per Barrel
link : Middle East Tensions Could Put The Price Of Oil At Over $100 Per Barrel

Middle East Tensions Could Put The Price Of Oil At Over $100 Per Barrel

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CNBC: 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.

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WNU Editor: In the worse case scenario .... a military confrontation between the U.S. and Russia .... the price of oil will go far beyond the $100/barrel that some are projecting right now.

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