TechFlow News, March 23 — According to JINSHI Data, Goldman Sachs’ commodities research team expects high oil prices to persist for an extended period. Goldman Sachs currently forecasts that oil flows through the Strait of Hormuz will remain at just 5% of normal levels for up to six weeks before gradually recovering to normal. Additionally, given heightened concerns over risks stemming from concentrated high production and limited spare capacity, strategic petroleum reserves are expected to see a structural increase, driving long-term prices higher. Goldman Sachs now projects the average Brent crude oil price in 2026 to be $85 per barrel, up from its previous forecast of $77 per barrel.
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