Goldman hikes average Brent forecast to over $100 a barrel for March

March 13 (Reuters) - Goldman Sachs expects Brent crude oil prices to average over $100 a barrel in March, and $85 per barrel in April, it said on Friday, as energy prices remain volatile due to the ongoing conflict around Iran and uncertainty over damage to Middle East energy infrastructure and disruptions in the Strait of Hormuz.

Brent futures for May LCOc1 were trading at $100.13 a barrel at 0530 GMT, heading for about an 8% weekly increase. On Monday, prices hit $119.50 a barrel, its highest since mid-2022. O/R