Fidelity International Analyst: Oil Prices May Remain Elevated in the Short Term, Expected to Stay Within $90-$120 Range

GateNews

2026-03-18 11:31:44

Gate News reports that on March 18, Fidelity International analyst Salman Ahmed stated during a webinar that short-term oil demand is highly rigid, and prices may remain high in the near term. He pointed out that oil prices are expected to stay within the $90 to $120 range, despite the risk of further surges. Ahmed believes that central banks around the world still have time to respond to the impact of the Middle East conflict, which could give them reasons to remain cautious. Additionally, Iran’s effective blockade of the Strait of Hormuz (a critical global oil transportation route) has caused oil prices to surge by about $100.

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