Sushil Kedia's Crude Oil Prediction Proves True; Now Forecasts Steep Decline

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Sushil Kedia's $100 Crude Prediction True, Now Forecasts $40 Crash

Sushil Kedia's $100 Crude Prediction True, Now Forecasts $40 Crash

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CNBC Awaaz•10-03-2026, 10:39

Sushil Kedia's $100 Crude Prediction True, Now Forecasts $40 Crash

•Market expert Sushil Kedia's prediction of crude oil surpassing $100 per barrel has come true due to Iran-US tensions.
•Brent crude surged to $103.74 per barrel, while WTI traded around $88-$90 on March 9-10, 2026.
•Geopolitical fears, including concerns over the Strait of Hormuz, fueled the rapid price increase.
•Kedia now predicts the current rally is unsustainable and crude could fall sharply to $40 per barrel.
•Conversely, he forecasts a significant rise in natural gas prices in the coming period.

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