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Goldman sees 3 oil market scenarios unfolding from Russia-Ukraine war with one taking crude to $175

An oil pumping jack, also known as a "nodding donkey", in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020.
Andrey Rudakov | Bloomberg | Getty Images

With Russia's invasion of Ukraine sending shockwaves through the oil market, Goldman Sachs laid out three scenarios for the price trajectory of crude and updated its Brent forecast.

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