CNBC Stock Blog
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- So Now You Can’t Give Microsoft Away?
- Groupon Needs More Disclosure: Analyst
- China’s Steelmakers Set for Turnaround: Analyst
- Bulls Bet Silicon Motion Will Bounce
- Tobacco Stocks a Hot Dividend Play: Analyst
- Forget the Earnings, Disney’s Issue Is the Multiple: Analyst
- Drug Stocks Do Well in ‘Gloom and Doom’ Market: Analyst
ABOUT THE CNBC STOCK BLOG
RSS FEED
CNBC EXPLAINS
Oil May Hit $100 on Geopolitics: Kilduff
Text Size 
Light, sweet crude is holding above $76 Thursday on reports of a U.S. supply fall. What's next? John Kilduff, co-chief investment officer of Round Earth Capital (and a CNBC contributor), and Chris Jarvis, president of Caprock Risk Management, offered CNBC their outlooks on oil, natural gas and the 2010 economy.
"Jobs data will be center stage [in early 2010] and will continue to be for some time," Jarvis said.
"If we get some good jobs growth, the dollar could firm up and that would take some of the steam out of oil."
But Kilduff had a different take:
"I'm worried about several geopolitical fronts out there that are going to stoke crude oil prices," Kilduff said.
"I think first above $85 real quickly [in 2010], and then I see oil possibly at $100 by the first half of the year."
______________________________
Other Market Views:
- Is Goldman Sachs Wrong on Oil?
- Traders: Low VIX Means Stock Selloff
- Art Cashin: Class Warfare a Threat to US Recovery
______________________________
CNBC Slideshow:
______________________________
CNBC Data Pages:
______________________________
______________________________
Top Oil Sellers and Refiners:
Exxon Mobil [XOM
Loading...
()
]
Chevron [CVX
Loading...
()
]
ConocoPhillips [COP
Loading...
()
]
Valero Energy [VLO
Loading...
()
]
Marathon Oil [MRO
Loading...
()
]
______________________________
Disclosures:
Disclosure information was not available for Kilduff, Jarvis or their companies.
Data is a real-time snapshot *Data is delayed at least 15 minutes
