EIA forecasts Brent spot prices will average $60/b in the fourth quarter of 2019 and $62/b in 2020. EIA forecasts that West Texas Intermediate (WTI) prices will average $5.50/b less than Brent prices in 2020. The government agency forecast an average WTI price of $56.31 a barrel for this year, down 2.7% from the forecast issued in August. For 2020, it forecast $56.50, down 5% from the previous forecast The EIA pegged its 2020 WTI oil price forecast at $55.71 a barrel, down 6% from its previous view. It also cut its Brent crude price forecast by 5.5% to $61.25 for 2020. The agency expects U.S

6 days ago West Texas Intermediate spot prices are now expected to average $38.19 per barrel this year. This figure was previously forecasted to average  21 Jan 2020 WASHINGTON - In the U.S. Energy Information Administration's January Short- Term Energy Outlook, EIA forecasts that the Brent crude oil spot  25 Jan 2020 EIA expects West Texas Intermediate (WTI) crude oil prices will average about $5.50 per barrel lower than Brent prices through 2020, compared  Ahead of the inventories report, analysts issue projections on inventory adjustments. If the EIA's reading differs from analysts' estimates, oil prices can react  Brent crude oil spot prices averaged $63 per barrel (b) in September, up $4/b from August and down $16/b from the September 2018 average. Brent spot prices  26 Nov 2019 In the November STEO, EIA increased its U.S. benchmark West Texas Intermediate (WTI) crude oil price forecast by $2/bbl in November to 

21 Jan 2020 WASHINGTON - In the U.S. Energy Information Administration's January Short- Term Energy Outlook, EIA forecasts that the Brent crude oil spot 

11 Dec 2019 West Texas Intermediate, the U.S. benchmark, closed 0.8% lower at $58.76 a barrel. Brent crude, the global measure of price, lost 1% to end at  5 Dec 2019 Giving its prediction for WTI crude oil prices in 2020, EIA forecasts WTI prices to average $5.50/b less than Brent prices in 2020. The EIA expects  18 Nov 2019 Forecasts. The EIA expects WTI crude oil prices to dip slightly on average in 2020 compared to 2019, according to data published by the  forecasts from the major energy institutions: NYMEX, EIA and OECD. Roland Berger study of oil price forecasts – February 2018, WTI based. Source: Roland 

Find data from forecast models on crude oil and petroleum liquids, gasoline, diesel, natural gas, electricity, coal prices, supply, and demand projections and more. Expand all Collapse all Monthly short-term forecasts through the next calender year

EIA forecasts Brent spot prices will average $60/b in the fourth quarter of 2019 and $62/b in 2020. EIA forecasts that West Texas Intermediate (WTI) prices will average $5.50/b less than Brent prices in 2020. The government agency forecast an average WTI price of $56.31 a barrel for this year, down 2.7% from the forecast issued in August. For 2020, it forecast $56.50, down 5% from the previous forecast The EIA pegged its 2020 WTI oil price forecast at $55.71 a barrel, down 6% from its previous view. It also cut its Brent crude price forecast by 5.5% to $61.25 for 2020. The agency expects U.S Find data from forecast models on crude oil and petroleum liquids, gasoline, diesel, natural gas, electricity, coal prices, supply, and demand projections and more. Expand all Collapse all Monthly short-term forecasts through the next calender year West Texas Intermediate comes from the United States and is the benchmark for U.S. oil prices. Brent North Sea oil comes from Northwest Europe and is the benchmark for global oil prices. The EIA forecasts that WTI will be $38.19/b in 2020, and $50.36/b in 2021. That makes the Brent-WTI spread $5.11/b in 2020 and $5.00 in 2021.

The price of oil, or the oil price, generally refers to the spot price of a barrel of benchmark crude According to a January 2020 EIA report, the average price of Brent crude oil in In March 2014, Steve Briese, a commodity analyst, had forecast a decline of world price to $75 from $100, based on 30 years of extra supply.

The EIA forecasts that WTI will be $38.19/b in 2020, and $50.36/b in 2021. That makes the Brent-WTI spread $5.11/b in 2020 and $5.00 in 2021. The price of a barrel of WTI oil will be that much lower than Brent prices due to U.S. oversupply.

Ahead of the inventories report, analysts issue projections on inventory adjustments. If the EIA's reading differs from analysts' estimates, oil prices can react 

6 days ago West Texas Intermediate spot prices are now expected to average $38.19 per barrel this year. This figure was previously forecasted to average  21 Jan 2020 WASHINGTON - In the U.S. Energy Information Administration's January Short- Term Energy Outlook, EIA forecasts that the Brent crude oil spot  25 Jan 2020 EIA expects West Texas Intermediate (WTI) crude oil prices will average about $5.50 per barrel lower than Brent prices through 2020, compared  Ahead of the inventories report, analysts issue projections on inventory adjustments. If the EIA's reading differs from analysts' estimates, oil prices can react  Brent crude oil spot prices averaged $63 per barrel (b) in September, up $4/b from August and down $16/b from the September 2018 average. Brent spot prices  26 Nov 2019 In the November STEO, EIA increased its U.S. benchmark West Texas Intermediate (WTI) crude oil price forecast by $2/bbl in November to  U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher as investors continue to bet that a trade deal between the 

11 Mar 2020 Prices and inventories: EIA forecasts Brent crude oil prices will average $43/b in 2020, down from a forecast of $65/b in the January STEO, and  11 Mar 2020 The U.S. Energy Information Administration lowered its 2020 forecast for West Texas Intermediate and Brent crude oil prices by roughly 30%  11 Feb 2020 The U.S. Energy Information Administration lowered its 2020 forecasts for West Texas Intermediate and Brent crude oil prices and reduced its  6 days ago The EIA said it forecasts Brent crude price increasing to an average of $55 per barrel in 2021, as "declining global oil inventories put upward