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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Current price of oil as of June 11, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 11, 2026
RetailFortune Crystal Ball

Prediction: These Popular Foods Will Get More Expensive in 2016

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
November 26, 2015, 11:30 AM ET
Photograph by David Paul Morris — Bloomberg via Getty Images

The staff of Fortune recently assembled its predictions for 2016. Here’s one of our forecasts.

Climate extremes mean tough times for food crops, and the next year could hit several pretty harshly. Severe drought in California has already taken its toll on some high-demand products, causing price increases, and agriculture experts expect more of the same in the next twelve months. The price of almonds, already climbing, is expected to rise even faster; the next troubled Callifornia crop could be avocados (get ready to pay even more for the trendy delicacy avocado toast). Other problems loom globally: The Ivory Coast, center of world cocoa production, is under strain from drought—putting the world’s chocolate industry at risk.

This article is part of the 2016 Fortune Crystal Ball, a package of 33 predictions about business, politics and the economy by the writers and editors of Fortune. To see the entire package, click here.

About the Author
By Benjamin SnyderManaging Editor
LinkedIn iconTwitter icon

Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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