EIA Significantly Raises Average Price Forecasts for WTI and Brent Crude This Year

Odaily News: EIA Short-Term Energy Outlook Report: Brent crude oil price for 2026 is forecast at $78.84 per barrel, up from a previous forecast of $57.69. The price for 2027 is forecast at $64.47 per barrel, up from a previous forecast of $53. WTI crude oil price for 2026 is forecast at $73.61 per barrel, up from a previous forecast of $53.42. The price for 2027 is forecast at $60.81 per barrel, up from a previous forecast of $49.34. (Jin10)