ilmscore | It Started: The Worst Oil Crisis In 40 YEARS

It Started: The Worst Oil Crisis In 40 YEARS

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
OPEC plans to cut oil production by 2 million barrels per day starting in November.
"OPEC which is a group of very powerful oil producing countries have said that they're about to cut their oil production by 2 million barrels of oil per day starting in November"
Oil Prices
Pending
Oil prices are predicted to increase after November 9th.
"after November 9th oil prices will go up anyway"
Oil Prices
Pending
Higher gas prices are expected to lead to higher inflation for longer, prompting the Federal Reserve to raise interest rates at their November 2nd meeting.
"higher gas prices means higher inflation for longer is why it gives the FED more reason to raise rates at their next meeting on November 2nd"
Interest Rates
Pending
A strong jobs report (236,000 jobs added) is seen by the stock market as a negative indicator, as it provides the Federal Reserve with more reason to raise interest rates to cool down an overheating economy.
"the jobs report recently the economy added 236000 jobs which normally is supposed to be a good thing but right now the stock market sees this as a bad thing because again it gives more reason to the FED to raise rates because it sees the economy as being too hot and it needs to slow it down by raising those rates"
Interest Rates
Pending
Saudi Arabia, China, and Russia are forming an alliance.
"Saudi Arabia China and Russia are teaming up right now"
Saudi Arabia, China, Russia Alliance
Pending