2026-03-18 11:31:44
Fidelity International Analyst: Oil Prices Likely to Remain High in the Short Term, Expected to Stay in the $90-$120 Range
Gate News Report: On March 18, Salman Ahmed, an analyst at Fidelity International, stated during a webinar that short-term oil demand is highly inelastic, and prices may remain elevated in the near term. He pointed out that oil prices are expected to remain in the range of $90 to $120, despite risks of further surge. Ahmed believes that central banks around the world still have time to address the impacts of Middle East conflicts, which may provide reason for central banks to remain cautious. Additionally, Iran's effective blockade of the Strait of Hormuz (a critical global oil transport channel) has caused oil prices to surge to around $100.