Record #5378

Oil will remain above $100 per barrel for at least the next year (through roughly May 2027), rather than the price spike being a short-lived blip

Saagar Enjeti: On Breaking Points · Prediction made 2026-05-21

Pending

Recorded occurrence

Each quote retains its own speaker, episode, publication date, timestamp when available, and full-source link.

Occurrence 1 of 1 · source record #53782026-05-21
Breaking Points · 5/21/26: Iran Stuns Trump With Red Line, Trump Indicts Cuba's Castro, Bezos Speaks Against Taxes
Original quote
The median base case on Wall Street is that oil will remain over one hundred dollars a barrel for at least the next year. So what's that about four bucks a gallon something like that. So, yeah, good luck, We're all going to be paying that for quite a long time.
Timestamp not recorded
Full episode · omny.fm

Prediction time2026-05-21

Exact speaking time unavailable; using the official episode publication date.

Episode published2026-05-21

FirmnessLoose

TopicEconomy

Resolve by2027-05-21

Boldness55 · Notable

How the call settles

Front-month benchmark crude (Brent/WTI) stays above $100/bbl continuously through May 2027 rather than falling back below $100 for a sustained stretch

Our reasoning

Pending. It will be judged only by this stored rule: Front-month benchmark crude (Brent/WTI) stays above $100/bbl continuously through May 2027 rather than falling back below $100 for a sustained stretch Deadline or event: 2027-05-21.