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.