EIA Significantly Raises U.S. and Brent Crude Oil Price Forecasts for This Year

BlockBeats News, March 11, EIA released the Short-Term Energy Outlook report stating that the expected price of Brent crude oil in 2026 is $78.84 per barrel, up from the previous estimate of $57.69 per barrel. The expected price in 2027 is $64.47 per barrel, up from the previous estimate of $53 per barrel. The expected price of WTI crude oil in 2026 is $73.61 per barrel, up from the previous expectation of $53.42 per barrel. The expected price of WTI crude oil in 2027 is $60.81 per barrel, up from the previous expectation of $49.34 per barrel. (Oriental Wealth)