Oil has plunged below $100 as recession fears spike. This is what happens next, according to top Wall Street analysts.

Concerns about a global recession caught up with energy markets as oil prices fell.

The US oil price has fallen to a four-month low. The international benchmark fell to as low as $101 from as high as $140 in early March.

The price of oil was just above $100 on Wednesday.

The sharp drops in prices came as traders scaled down their expectations for demand, with economists warning of a possible central bank-driven recession. Oil is priced in dollars and that weighed on the market.

Four top analysts think something will happen next.

Goldman Sachs is a large investment bank.

Goldman's team believes that oil prices have fallen too much. The low levels of oil inventories around the world make it difficult for suppliers to deal with high demand.

They said in a note to clients that it is premature for the oil market to be succumbing to such concerns.

With the rise in oil demand this year set to significantly exceed GDP growth, the global economy is still growing.

Goldman predicts that the price of oil will be $125 a barrel in six months.

The bank is calledDeutsche bank.

The strategists atDeutsche Bank increased their oil price forecasts as the price of oil fell.

The EU is going to ban all Russian oil imports by the end of the year. The G7 is looking at capping Russian oil prices. Russian production will fall as a result of these two factors.

The global crude oil supply-demand balance is expected to tighten over the next few quarters, according to the analysts at the bank.

By the end of the year, the price of crude will be $107 per barrel, according to the predictions ofDeutsche.

The energy company is called Rystad energy.

Oil prices are almost certain to fall if a recession hits, according to analysts at a consulting firm.

In the most pessimistic scenario for prices, in which demand drops sharply but Russian supply holds up, oil prices could fall to $55 a barrel by the end of 2022, they said. It is possible for a drop to $65 by the end of the year.

"Inflationary forces and central bank intervention are stoking the fears of a recession and economic slowdown in major fuel-consuming economies."

The markets could soon see demand destruction as consumer elasticity turns negative, as gasoline and diesel prices are at record highs.

It's ING.

Analysts at Dutch bank ING said that nothing has changed.

Russian oil production is expected to fall in the near future according to them.

The market is set to remain tight given the expectation that Russian oil supply will decline. We expect the market to be relatively stable.