'Bigger Disruption For Longer': Goldman Hikes Brent Oil Forecast To Over $100 For March

Goldman Sachs expects Brent Crude prices to average over $100 per barrel this month as the Middle East war continues to choke supply.

Daan Stuyven and his commodity research team upgrade their price forecast because they now assume 21 days (vs. 10 days prior) of low Strait of Hormuz oil (SoH) flows at 10% of normal levels before a 30-day gradual recovery.