Rory Johnston on Why His $200 Oil Prediction Didn't Turn Out Right

2026-06-26 · 32 min · 13 entities

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→ appeared on Odd Lots podcast

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Rory Johnston on Why His $200 Oil Prediction Didn't Turn Out Right
→ discusses Business concept

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Feed category: Business
→ discusses News concept

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→ discusses Investing concept

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Feed category: News Commentary
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→ discusses Business News concept

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Feed category: Business News

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mentioned Business concept

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evidence rules-v4
Feed category: Business
mentioned Investing concept

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evidence rules-v4
Feed category: Investing
mentioned News Commentary concept

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evidence rules-v4
Feed category: News Commentary
mentioned Business News concept

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evidence rules-v4
Feed category: Business News
discusses Business concept

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evidence rules-v4
Feed category: Business
discusses News concept

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evidence rules-v4
Feed category: News
discusses Investing concept

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evidence rules-v4
Feed category: Investing
discusses News Commentary concept

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evidence rules-v4
Feed category: News Commentary
discusses Business News concept

0.40

evidence rules-v4
Feed category: Business News

companys 2

mentioned Bloomberg company

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Feed author/publisher: Bloomberg
hosted by Bloomberg company

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evidence rules-v4
Feed author/publisher: Bloomberg

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mentioned Rory Johnston person

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Rory Johnston on Why His $200 Oil Prediction Didn't Turn Out Right

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appeared on Odd Lots podcast

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evidence rules-v4
Rory Johnston on Why His $200 Oil Prediction Didn't Turn Out Right

Episode description as stored

The Strait of Hormuz has (mostly) re-opened! Crude prices are still up since the start of the war with Iran, but popular predictions earlier this year of $200-a-barrel Brent didn’t pan out. Why is that? We last talked to Rory Johnston, the founder of the Commodity Context newsletter, at the start of the conflict. And in that conversation he said that the Strait’s closure would lead to $200 oil if it persisted for any length of time. Today, he returns to tell us what he’s learned about the oil market since then. He explains the various factors that kept a lid on prices, including some re-routing, Trump jawboning, and (crucially) surprise import reductions from China. Previous: Rory Johnston on How Oil Could Surge to Over $200 a Barrel Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox, plus unlimited access to the site and app. bloomberg.com/subscriptions/oddlots See omnystudio.com/listener for privacy information.