Record #3747
Crude oil will trade above $90 per barrel for the foreseeable future, and higher than the $90-plus the US government is forecasting
CorrectRecorded occurrence
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Occurrence 1 of 1 · source record #3747 MeidasTouch · Trump gives Catastrophic Speech on Iran War...in Kentucky
Original quoteAnd by the way, the United States Energy Commission is saying that they expect $90 plus a barrel for the foreseeable future. I think by the way, it's going to be more than that.
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Exact speaking time unavailable; using the official episode publication date.
How the call settles
Benchmark crude (Brent or WTI) settles above $90/barrel on average over the months following March 2026
Our reasoning
YES on the research record because Brent spot averaged about $117.29/bbl in April 2026, roughly $107 in May, and $85 in June — an April-June average near $103/bbl, above $90 and above the ~$90-plus official forecast. EIA also raised its 2026 oil price outlook by 36% after the war began.. Applied stored rule: Benchmark crude (Brent or WTI) settles above $90/barrel on average over the months following March 2026.
Outcome evidence
Brent spot averaged about $117.29/bbl in April 2026, roughly $107 in May, and $85 in June — an April-June average near $103/bbl, above $90 and above the ~$90-plus official forecast. EIA also raised its 2026 oil price outlook by 36% after the war began.
Outcome date: 2026-06-30
Verdict recorded: 2026-07-30
Basis: research