EIA raises crude oil price forecasts for 2026 and 2027

On March 11, the EIA released its Short-Term Energy Outlook report, projecting that the Brent crude oil price will be $78.84 per barrel in 2026, up from the previous forecast of $57.69 per barrel; and $64.47 per barrel in 2027, up from the previous forecast of $53 per barrel. The WTI crude oil price is expected to be $73.61 per barrel in 2026, up from the previous forecast of $53.42 per barrel; and $60.81 per barrel in 2027, up from the previous forecast of $49.34 per barrel.