A post by @FirstSquawk on X.
EIA’S STEO RAISED ITS 2026 BRENT FORECAST TO $97.44/BBL FROM $96.32 AND ITS 2027 FORECAST TO $85.78 FROM $83.74, WHILE RAISING 2026 WTI TO $88.29/BBL FROM $88.21 AND 2027 WTI TO $80.54 FROM $79.74
@FirstSquawk on X
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The revisions point to a higher near-term floor for crude benchmarks even as the outlook still implies a decline from 2026 to 2027. The upward adjustments matter for inflation and energy-cost assumptions embedded in forecasts for refined products, transport and hedging programs tied to Brent and WTI. Watch the next STEO for whether the 2026 Brent revision extends further above $97 or the 2027 curve flattens, along with any shifts in the EIA’s implied supply-demand balances.
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