ilmscore | BREAKING Oil Prices Just Spiked After Middle East Conflict

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
If there is a disruption to the oil supply chain due to the conflict, oil prices could exceed $100 per barrel.
"Reuters had to say about this. quote, "Israel's attack on Iran is unlikely to cause a major disruption to oil supply. However, if there is a disruption to the supply chain, then oil could jump up to above $100 a barrel.""
Oil Prices
Pending
If the situation in the Middle East escalates, JP Morgan predicts oil prices could reach $120 per barrel.
"And then JP Morgan also chimed in saying that if things do get worse in the Middle East, we could see oil prices go up to $120 a barrel."
Oil Prices
Pending
US shale companies require oil prices between $65 and $70 per barrel to break even; prices below $60 resulted in losses.
"Remember what I said before in the United States, United States shale companies need to see oil at $65 to $70 a barrel in order to break even. Which means when oil was at $60 a barrel, they were losing money every time they produced a barrel of oil."
US Shale Companies
Pending
Defense companies that manufacture military products are likely to benefit financially from geopolitical conflicts.
"how it can impact oil, how defense companies that produce military products could benefit when there's conflict."
Defense Companies
Pending