White House Trade Advisor: No Doubt There is an Economic Emergency
White House trade advisor Navarro on trade court ruling: There is no doubt that an economic emergency exists, and nothing has really changed. The court is obstructing President Trump's policy agenda. A trade agreement will be reached. The Trump administration has various options on trade issues, and we have a good chance of winning.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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