Oil could remain above $100/barrel until 2027: Goldman Sachs

01:02 PM (Mecca time) Argaam

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.

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