- U.S. Energy Information Administration (EIA) raises its oil price forecasts
Market news
9 June 2016
U.S. Energy Information Administration (EIA) raises its oil price forecasts
The U.S. Energy Information Administration (EIA) upgraded its oil price forecasts on Tuesday. The agency expects WTI crude price to be $42.83 a barrel in 2016, up from a previous estimate of $40.32, and $51.82 a barrel in 2017. Brent crude price is expected to be $43.03 a barrel in 2016, up from a previous estimate of $40.52, and $51.82 a barrel in 2017.
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