A post by @FirstSquawk on X.
EIA SEES 2026 WTI PRICE AVERAGE OF 88.29/BBL, VS PRIOR FORECAST 88.21/BBL; 2027 FORECAST OF 80.54/BBL (PVS 79.74/BBL) || EIA SEES 2026 BRENT PRICE AVERAGE OF 97.44/BBL, VS PRIOR FORECAST 96.32/BBL; 2027 FORECAST OF 85.78/BBL (PVS 83.74/BBL)
@FirstSquawk on X
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The U.S. Energy Information Administration raised its 2026 average price forecasts for both WTI and Brent crude, according to a First Squawk tweet. WTI is now projected to average $88.29 per barrel in 2026 versus the prior $88.21 estimate, with 2027 at $80.54 versus $79.74 previously. Brent is seen averaging $97.44 per barrel in 2026, up from the earlier $96.32 forecast, and $85.78 in 2027 versus $83.74. The upward revisions matter because EIA benchmarks feed into budgeting and hedging decisions across the energy complex. Traders will watch whether subsequent EIA monthly reports keep revising higher, and whether spot WTI and Brent trade toward these averages.
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Named in this story
EIA, Brent (OIL), WTI (OIL)
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