General
Will Brent Crude oil prices exceed $120 USD per barrel for an entire calendar quarter before the end of 2028?
An economics prediction on a sustained return to high oil prices due to geopolitical tension, underinvestment, or supply shock.
55 total votes
Analysis
Oil Price: Sustained $120+ by 2028?
Oil prices have stabilized in the mid-80s in late 2025. This prediction asks if Brent Crude will rise above $120 per barrel and remain there for a full calendar quarter (three consecutive months) before the end of 2028.
Geopolitical Risk and Underinvestment
The 'Yes' vote leads due to two factors: geopolitical instability and supply crunch. Continuing conflicts in the Middle East and Eastern Europe pose immediate risks. Furthermore, underinvestment in new oil fields over the last few years, combined with declining output from non-OPEC+ sources, creates a 'perfect storm' scenario where any major disruption could easily push prices well into the triple digits for a sustained period.