Brent Crude Seen Potentially Rising to Top Its 2008 High -- Market Talk

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Brent Crude Seen Potentially Rising to Top Its 2008 High -- Market Talk

Dow Jones03-20 03:49

1549 ET - Brent crude oil prices settle up 1.2% to $108.65 a barrel after another volatile session. "Brent is likely to exceed its 2008 all time high if depressed flows keep the market focused on the risk of lengthier disruptions," says Goldman Sachs in a research note. The firm bases its assessment in the note on comparing the price movements of other oil supply disruptions in the past 50+ years. After starting the day higher, front-month WTI crude settles down 0.2% to $96.14 a barrel. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

March 19, 2026 15:49 ET (19:49 GMT)

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The firm bases its assessment in the note on comparing the price movements of other oil supply disruptions in the past 50+ years. After starting the day higher, front-month WTI crude settles down 0.2% to $96.14 a barrel. 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