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Goldman Sachs: Crude Prices Could Hit $100 Amid Tensions

3/15/2026

31 6 Full Breakdown

Summary

Story summary

Goldman Sachs forecasts Brent Crude prices will exceed $100 per barrel in March due to tensions around the Strait of Hormuz.
The firm projects prices will stabilize around $85 per barrel in April.
The firm warns that prolonged disruptions could push prices higher.
In Nigeria, pressure to raise production links to investments like the $20 billion Bonga Deep Water project, which aims to boost output by 150,000 barrels per day.

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Story summary

Goldman Sachs forecasts Brent Crude prices will exceed $100 per barrel in March due to tensions around the Strait of Hormuz.
The firm projects prices will stabilize around $85 per barrel in April.
The firm warns that prolonged disruptions could push prices higher.
In Nigeria, pressure to raise production links to investments like the $20 billion Bonga Deep Water project, which aims to boost output by 150,000 barrels per day.