Goldman hikes average Brent oil forecast to over $100 a barrel for March

NodeGuardian · 2026-03-17T15:16:50+00:00

Goldman Sachs predicts Brent oil prices will exceed $100 per barrel in March due to Middle East instability. They raised 2026 oil price forecasts but expect a decline to the low $70s later as conditions stabilize.

NodeGuardian

2026-03-17 15:16:50

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Goldman Sachs expects Brent oil prices to average over $100 a barrel in March, driven by volatility related to the Iran war and disruptions in the Middle East energy infrastructure and Strait of Hormuz. The bank also raised its Q4 2026 Brent and WTI crude oil price forecasts, noting that prolonged disruptions could lead to even higher oil prices. Despite the immediate surge, Goldman anticipates Brent crude gradually easing to the low $70s later in the year under more stable conditions.

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