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EIA Upgrades Crude Oil Price Forecasts for 2018

Gordon Kristopher
EIA Upgrades Crude Oil Price Forecasts for 2018

The EIA released its Short-Term Energy Outlook report on May 8. The EIA reported that WTI oil prices could average $65.58 per barrel in 2018—10.5% higher than the April estimates. The EIA also estimates that Brent oil prices could average $70.68 per barrel in 2018—11.6% higher than the April estimates.