Record #6368
Oil will reach roughly $140 per barrel in the near term (by about mid-2026)
IncorrectRecorded occurrence
Each quote retains its own speaker, episode, publication date, timestamp when available, and full-source link.
Occurrence 1 of 1 · source record #6368 The Young Turks · Revolution Is Coming - April 28, 2026
Original quoteAnd Jordan, I literally can't imagine it at $140 per barrel, which is going to probably happen soon.
Quote begins at 2:01:29
Exact speaking time unavailable; using the official episode publication date.
How the call settles
Benchmark crude (Brent or WTI) trades at or above about $140 per barrel.
Our reasoning
NO on the research record because After the April 29, 2026 claim, benchmark crude never approached $140: Brent was about $115 on May 4, $110 on May 20, $100 on May 26, averaged $85 in June and traded in the high-$70s in July (Brent settled at $78.19 during the July escalation). Dated Brent's $141.37 spike was on April 2, before the prediction, and prices fell steadily afterward, so this is directionally wrong rather than a near miss.. Applied stored rule: Benchmark crude (Brent or WTI) trades at or above about $140 per barrel.
Outcome evidence
After the April 29, 2026 claim, benchmark crude never approached $140: Brent was about $115 on May 4, $110 on May 20, $100 on May 26, averaged $85 in June and traded in the high-$70s in July (Brent settled at $78.19 during the July escalation). Dated Brent's $141.37 spike was on April 2, before the prediction, and prices fell steadily afterward, so this is directionally wrong rather than a near miss.
Outcome date: 2026-07-31
Verdict recorded: 2026-08-09
Basis: research