Liberum Capital predicts oil prices to reach $100
CNBC — April 15, 2024, 05:00 PM UTC
Summary: Liberum Capital predicts oil prices to reach $100 and a potential 10% stock market correction due to Middle East turmoil. Iran's attack on Israel could lead to a 5-10% market correction and strengthen the U.S. dollar. The S & P 500 recently dropped 1.5%, and oil prices are expected to exceed $100/bbl. Aerospace and defense stocks may outperform amidst growing geopolitical risks. ETFs like ITA, PPA, and XAR are popular choices.
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