Saudi officials see the base case for oil to rise to USD 180/bbl if the disruptions persist until late April, according to WSJ

Newsquawk StaffOil newsPublished 20 Mar 2026, 01:24 UTC

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Saudi officials see the base case for oil to rise to USD 180/bbl if the disruptions persist until late April, according to WSJ

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Context

Saudi officials projecting oil could rise to USD 180/bbl suggests significant supply concerns, potentially driven by persistent disruptions. This scenario heightens inflation fears, impacting not just energy markets but also currencies tied to commodities like the USD and CAD. Traders should monitor cross-asset reactions, especially in energy and related sectors, as this forecast could trigger volatility.

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