Goldman Sachs said risks to oil prices remain skewed to the upside both in the near term and into 2027.
The bank added that the persistence of several past large supply shocks highlights the possibility that oil prices could remain above $100 per barrel.
Meanwhile, the US issued a new license on Friday easing sanctions on Russian oil until April 11, aiming to curb rising prices. This follows a 30% surge in US gasoline prices this month, bringing the price of a gallon close to $4.
Goldman Sachs said risks to oil prices remain skewed to the upside both in the near term and into 2027.
The bank added that the persistence of several past large supply shocks highlights the possibility that oil prices could remain above $100 per barrel.
Meanwhile, the US issued a new license on Friday easing sanctions on Russian oil until April 11, aiming to curb rising prices. This follows a 30% surge in US gasoline prices this month, bringing the price of a gallon close to $4.
