ilmscore | US Economy / Oil Prices Predictions
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US Economy / Oil Prices

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Recent Predictions

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Prediction
Author
Predicted at
Status
Video
A significant increase in oil prices during the summer of 2024 could lead to a recession.
"whenever you get a big spike in oil price in the summertime it could lead to actually a recession"
Financial Education Financial Educa...
Apr 23, 2024
Pending
i sold it
If oil prices remain in the $80s (per barrel) by June 2024 and Middle East tensions do not escalate, it would be positive for consumers, inflation, and could lead to interest rate cuts.
"if the Middle East doesn't get too crazy here over summer then this might not be an issue for us whi..."
Financial Education Financial Educa...
Apr 23, 2024
Pending
i sold it
If the US starts refilling its Strategic Petroleum Reserves in summer 2024 during a period of rising oil prices and geopolitical conflict, oil prices will rise considerably, leading to increased inflation, causing the Fed to keep interest rates higher for longer, which could result in a severe recession within 6 to 18 months.
"This isn't a good situation if the United States if we decide to start filling back up the the Strat..."
Financial Education Financial Educa...
Apr 8, 2024
Pending
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