The U.S. Energy Information Administration (EIA) raised its price forecasts for both West Texas Intermediate and Brent crude in its latest Short-Term Energy Outlook. The agency now expects WTI crude to average $88.21 per barrel in 2026, up from its previous estimate of $84.65, and $79.74 per barrel in 2027, compared with an earlier forecast of $69.74. For Brent, the EIA lifted its 2026 forecast to $96.32 per barrel from $91.01, while its 2027 estimate was raised to $83.74 per barrel from $73.74. The updated figures were cited by BlockBeats on Oct. 7.
According to BlockBeats, the U.S. Energy Information Administration raised its forecasts for WTI and Brent crude prices for 2026 and 2027 in its Short-Term Energy Outlook released on Oct. 7.
The report put 2026 WTI crude at $88.21 per barrel, up from the previous forecast of $84.65 per barrel. The 2027 WTI forecast was set at $79.74 per barrel, compared with the earlier estimate of $69.74 per barrel.
For Brent crude, the EIA now expects a 2026 price of $96.32 per barrel, up from $91.01 per barrel previously. Its 2027 Brent forecast was raised to $83.74 per barrel from $73.74 per barrel.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
