Coin Bureau: USO will rise

Said on Dec 14, 2022, at 19:37 in the video.

What was said
Coin Bureau

@coinbureau

“consumers could face higher prices at the pump and this could put further pressure on European”
Watch at 19:37G7 vs. Russia: Will Oil Price Caps & Embargos Even Work?!
PredictionUSOwill riseChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Within band

Entry price (first close after the video)

$67.36

Dec 14, 2022

Price at close

$67.16

Dec 14, 2023

Total return, dividends included

−0.3%

S&P 500 +20.0%

USO closed at $67.36 on Dec 14, 2022. On Dec 14, 2023 it closed at $67.16, a total return of −0.3% (dividends included). SPY's total return over the same window was +20.0%. The call was that it would rise.

30 days

Correct

90 days

Incorrect

180 days

Incorrect

1 year

Within band

The window it was checked over

USOWindow checked
$50$60$70$80$90Jun 2022Oct 2022Feb 2023Jun 2023Oct 2023Feb 2024Said on Dec 14, 2022
$50$60$70$80$90Jun 2022Jan 2023Jul 2023Feb 2024Said on Dec 14, 2022

USO closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-DIR v4Correct$67.36Dec 14, 2022$70.05Jan 13, 2023+4.0%Total return, dividends includedS&P 500 +0.2%
90 daysR-DIR v4Incorrect$67.36Dec 14, 2022$62.93Mar 14, 2023−6.6%Total return, dividends includedS&P 500 −1.5%
180 daysR-DIR v4Incorrect$67.36Dec 14, 2022$60.24Jun 12, 2023−10.6%Total return, dividends includedS&P 500 +9.5%
1 yearR-DIR v4Within band$67.36Dec 14, 2022$67.16Dec 14, 2023−0.3%Total return, dividends includedS&P 500 +20.0%
3 yearsR-DIR v4Correct$67.36Dec 14, 2022$68.81Dec 12, 2025+2.2%Total return, dividends includedS&P 500 +77.9%
5 yearsR-DIR v4Pending——Dec 13, 2027——
Why: 30 days

USO closed at $67.36 on Dec 14, 2022. On Jan 13, 2023 it closed at $70.05, a total return of +4.0% (dividends included). SPY's total return over the same window was +0.2%. The call was that it would rise.

Why: 90 days

USO closed at $67.36 on Dec 14, 2022. On Mar 14, 2023 it closed at $62.93, a total return of −6.6% (dividends included). SPY's total return over the same window was −1.5%. The call was that it would rise.

Why: 180 days

USO closed at $67.36 on Dec 14, 2022. On Jun 12, 2023 it closed at $60.24, a total return of −10.6% (dividends included). SPY's total return over the same window was +9.5%. The call was that it would rise.

Why: 1 year

USO closed at $67.36 on Dec 14, 2022. On Dec 14, 2023 it closed at $67.16, a total return of −0.3% (dividends included). SPY's total return over the same window was +20.0%. The call was that it would rise.

Why: 3 years

USO closed at $67.36 on Dec 14, 2022. On Dec 12, 2025 it closed at $68.81, a total return of +2.2% (dividends included). SPY's total return over the same window was +77.9%. The call was that it would rise.

Why: 5 years

Not yet resolved. The window closes Dec 13, 2027.

What was said around it

growing its shadow Fleet and learning from both Venezuela and Iran that despite the harshest sanctions possible the market for oil remains as for the Embargo this could have more bite Europe is the largest importer of Russian oil and finding buyers to fill the Gap will be a difficult task moreover rerouting that crew to said buyers won't be an overnight process other pipelines are running full and the shadow Fleet is stretched but it won't be easy for Europe either this will become even more apparent when that diesel embargo comes into force in February consumers could face higher prices at the pump and this could put further pressure on European leaders then of course there are the much broader questions of Chinese demand and OPEC output these will be massive drivers of oil prices in the coming months and right now no one knows exactly how these things will pan out there's also a potential happier resolution and that's if the war in Ukraine comes to an end however the likelihood of this happening ultimately lies with some very opinionated leaders on both sides of the Divide so the only thing that's certain right now is uncertainty oil Market volatility will be the norm and that's it for my

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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