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EIA lowers oil price forecast
Jin10 data, August 13, EIA Short-Term Energy Outlook Report: It is expected that the average price of Brent crude oil in 2025 will be $67.22 per barrel, down from a previous forecast of $68.89 per barrel; the forecast for 2026 is $51.43 per barrel (previously forecasted at $58.48 per barrel). The average WTI price in 2025 is expected to be $63.58 per barrel, down from a previous forecast of $65.22 per barrel; the forecast for 2026 is $47.77 per barrel (previously forecasted at $54.82 per barrel).