Goldman Sachs 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, the investment bank said on Friday, noting that prices could surge even higher if the biggest oil supply disruption in history extends into months instead of weeks. Analysts at Goldman Sachs see the average Brent Crude price at $85 per barrel in April, they said in a note carried by Reuters. The new estimates follow Thursday’s price forecast update in which Goldman Sachs hiked its Brent Crude…