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.