Oil Will Hit Triple Digits Says Mizuho's Sankey

The video discusses the current state and future predictions of oil prices, focusing on Brent and WTI. It explores the potential political pressure on Saudi Arabia to manage oil prices and predicts a rise to $120 per barrel in the coming years. The discussion highlights the strong global demand and limited supply, which could lead to economic implications, including a potential recession. The video also examines the impact on energy equities and broader market volatility, emphasizing the role of oil as a key inflation outlet.

What is the expected price range for oil in the next two to three years according to the discussion?

• $70 to $90 per barrel

• $100 to $120 per barrel

• $120 to $150 per barrel

• $50 to $70 per barrel

What is a potential consequence of $120 per barrel oil prices mentioned in the discussion?

• Stabilization of global markets

• Decrease in oil demand

• Economic recession

• Increased global supply

How might rising oil prices affect energy equities according to the discussion?

• Stability in energy market shares

• Shift towards more complex billing services

• Decrease in energy sector investments

• Increase in renewable energy investments

What is identified as the most liquid outlet for inflation in the discussion?

• Gold

• Real estate

• Cryptocurrency

• Oil

What has contributed to stronger oil demand according to the discussion?

• 10 years of excess liquidity

• Reduction in oil supply

• Decrease in global economic growth

• Increase in renewable energy sources