Goldman Sachs: US sanctions against Russia could push oil prices above $85/barrel

Jinshi data news on January 13th, Goldman Sachs said that if the latest round of US sanctions against Moscow leads to a decrease in Russian oil production, the price of Brent crude oil may rise to above $85 per barrel in the short term. The bank said that if Russian production decreases while Iranian production also decreases, oil prices may touch $90 per barrel. U.S. President Joe Biden implemented the broadest sanctions to date against Russian oil and gas income last Friday, aimed at gaining leverage for Ukraine and the incoming Donald Trump administration in Ukraine peace talks.

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