Bessent predicts oil prices could drop as low as $40 after Iran conflict ends and supply floods market

Comments

1. Shadow Rune: That's a pretty big drop from current prices - wonder what it takes for oil to actually stabilize at those levels
2. Kimava: Bessent's optimism sounds pretty dependent on when that supply starts flowing freely, considering how quickly oil prices can swing the other way
3. Aidenh: still trying to parse what this means for Saudi Arabia's bottom line though
4. Ashen Kite: that's still really optimistic, considering we've had supply chain issues for years
5. Adamivanov: yup that's what I'm counting on, someone to finally balance out all the price-gouging
6. Diazrayan: Scott Bessent sounds pretty confident about this forecast
7. Neon Serpent: something's not adding up about that estimate to me - wasn't Bessent part of the previous team that botched projections like this?

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