EIA raises crude oil price forecast for 2026

According to the EIA Short Term Energy Outlook report, it is expected that the WTI crude oil price in 2026 will be $88.32 per barrel, up from $85.68 per barrel previously; The Brent price is $95.39 per barrel, previously $94.85 per barrel. It is expected that the WTI and Brent prices in 2027 will be $74.39 per barrel and $79.39 per barrel, respectively, consistent with previous expectations.