EIA lowers crude oil price expectations for 2026 and 2027

According to the EIA Short Term Energy Outlook report, it is expected that the WTI crude oil price in 2026 will be $85.68 per barrel, compared to the previous expectation of $87.41 per barrel; In 2027, it is expected to be $74.39 per barrel, compared to the previous expectation of $72.43 per barrel. The expected Brent crude oil price in 2026 is $94.85 per barrel, compared to the previous expectation of $96.00 per barrel; In 2027, it is expected to be $79.39 per barrel, compared to the previous expectation of $76.09 per barrel.