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What Are the EIA’s Forecasts for Crude Oil Prices?

What Are the EIA’s Forecasts for Crude Oil Prices?

The EIA (U.S. Energy Information Administration) said in its June 2018 STEO (Short-Term Energy Outlook) forecast that WTI crude oil would average $64 per barrel in 2018 and $62 per barrel in 2019. Brent spot prices are expected to average ~$71 per barrel in 2018 and $68 per barrel in 2019.