BlackRock CEO Predicts Oil Prices Could Fall
BlackRock Chairman and CEO Larry Fink told Fox News Wednesday that he does not expect the U.S. war with Iran to have lasting economic consequences, saying the firm's $14.5 trillion of assets are long-dated. He noted gasoline prices surged about 20% since Feb. 28 to a national $3.58 per gallon and advised investors to buy amid volatility, adding oil could fall below $50 if Iran reenters markets.
Scoring Rationale
High industry relevance and CEO's official remarks drive score, but limited novelty and market-focused scope.
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Sources
- Read OriginalBlackRock CEO Larry Fink argues US-Iran conflict won't derail economy as gas prices surgefoxnews.com
- Read OriginalBlackRock CEO Larry Fink says Iran war will not derail economy despite surging gas pricesnypost.com
