EIA raises WTI and Brent oil price forecasts for 2026 and 2027

EIA Short-Term Energy Outlook Report: The average WTI crude oil price in 2026 is expected to be $88.29 per barrel, previously expected at $88.21 per barrel; the average WTI crude oil price in 2027 is expected to be $80.54 per barrel, previously expected at $79.74 per barrel. The average Brent crude oil price in 2026 is expected to be $97.44 per barrel, previously expected at $96.32 per barrel; the average Brent crude oil price in 2027 is expected to be $85.78 per barrel, previously expected at $83.74 per barrel.