From Quartz.
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Goldman Sachs raised near-term oil price forecasts and detailed disruption scenarios, underscoring market sensitivity to supply risks.
The bank now expects its Brent crude price forecast to average above $100 in March, with Brent for May having briefly touched $119.50 and trading near $100.13 on Friday.
In its Goldman Sachs oil outlook, analysts cite persistent Strait of Hormuz disruption and raise the WTI forecast to $67.
Base-case averages are $98 for MarchâApril, easing toward $71 by Q4.
Modeling assumes 21 days at 10% flow, then a 30-day recovery, with over 20% of global oil transiting Hormuz.
A severe month-long disruption could lift MarchâApril Brent to $110, with spot prices possibly topping the 2008 peak. #oilprices #goldmansachs #brentcrude #energymarket #geopoliticaltensions
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