Will Crude Oil (CL) settle at $80-$85 in March?

Analysis

With WTI at $92.29 and only 4 days to settlement, oil needs to fall 7-13% to hit the $80-$85 range. While some forecasts suggest longer-term weakness, near-term geopolitical risks from Iran tensions and Hormuz disruptions create upward pressure. Most analyst forecasts are polarized - either well above $100 (Goldman's Brent $110) or well below $70 (UBS $66, models $66-$76). The $80-$85 middle ground lacks strong fundamental support. The 72% probability on $90+ reflects current momentum. Technical support exists around $80, but breaking there in days requires significant catalyst beyond gradual tension normalization. Current 10.4% odds appear reasonable - possible but requires perfect storm of easing tensions plus demand concerns materializing quickly.