EIA lowers WTI and Brent crude oil price expectations for the next two years

The EIA Short Term Energy Outlook report predicts that the WTI crude oil price in 2026 will be $76.26 per barrel, compared to the previous expectation of $88.32 per barrel; The expected WTI crude oil price in 2027 is $60.76 per barrel, compared to the previous expectation of $74.39 per barrel; The expected Brent price in 2026 is $81.91 per barrel, compared to the previous expectation of $95.39 per barrel; The expected Brent price in 2027 is $64.76 per barrel, compared to the previous expectation of $79.39 per barrel.