Goldman raises Brent forecasts again, sees higher oil prices for longer

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Goldman raises Brent forecasts again, sees higher oil prices for longer Markets steady as Iran, U.S. trade barbs amid Trump’s ultimatum Spike in oil prices seen as ’a clear risk for consumer equities’ Who is wealthier - US or Eurozone? (South Africa Philippines Nigeria) Goldman raises Brent forecasts again, sees higher oil prices for longer By Author Senad Karaahmetovic Economy Published 03/22/2026, 06:45 PM Goldman raises Brent forecasts again, sees higher oil prices for longer 0 LCO 0.08% CL -0.28% Investing.com-- Goldman Sachs has raised its oil price forecasts for the second time in less than two weeks amid prolonged disruptions in the Strait of Hormuz and growing structural risks in global supply as key drivers of a more bullish outlook. Get latest analyst insights on oil markets by upgrading to InvestingPro - get up to 50% off The investment bank now assumes that flows through Hormuz will remain at just 5% of normal levels for six weeks, followed by a gradual one-month recovery. That extended disruption, combined with the concentration of global production and spare capacity, is expected to reshape market dynamics. Daan Struyven, who leads Goldman research on oil markets, believes that “a recognition of the risks from the high concentration of production and spare capacity is likely to lead to structurally higher strategic stockpiling and long-dated prices." In the near term, prices are expected to continue drifting higher as uncertainty persists. “Prices are likely to trend higher… until the market gains confidence that a lengthy disruption is unlikely,” the Struyven said, adding that a “growing risk premium” will be needed to curb demand and hedge against potential shortages. Reflecting this, Struyven now expects Brent to average $110 in March-April, up from a prior forecast of $98 and marking a sharp increase from 2025 levels. The upgrade extends beyond the immediate disruption. Goldman raised its 20...