EIA raises price forecasts for WTI and Brent crude oil for this year and next year

EIA Short-Term Energy Outlook Report: The WTI crude oil price is expected to be $84.65 per barrel in 2026, previously forecast at $80.88 per barrel. The WTI crude oil price for 2027 is expected to be $69.74 per barrel, previously forecast at $65.39 per barrel. The Brent price is expected to be $91.01 per barrel in 2026, previously forecast at $86.81 per barrel. The Brent price for 2027 is expected to be $73.74 per barrel, previously forecast at $69.39 per barrel.