Goldman Sachs: Oil Prices Could Stay Elevated
BlockBeats News, March 23, Goldman Sachs' commodities research team expects that high oil prices are likely to persist for a long time. Goldman currently forecasts that oil flow through the Strait of Hormuz will remain at a low 5% of normal levels for up to six weeks before gradually returning to normal.
Furthermore, given the focus on high production concentration and the risks of idle capacity, it is expected that strategic reserves will experience structural growth, leading to a long-term price increase. Goldman currently projects that the average price of Brent crude in 2026 will be $85 per barrel, higher than the previous forecast of $77 per barrel. (FX678)
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