The Energy Information Administration (EIA) lowered its forecast for the average price of Brent crude oil in 2019 to $66.69 per barrel from $69.64, according to EIA's Short-Term Energy Outlook released on Tuesday
WASHINGTON (Pakistan Point News / Sputnik - 11th June, 2019) The Energy Information Administration (EIA) lowered its forecast for the average price of Brent crude oil in 2019 to $66.69 per barrel from $69.64, according to EIA's Short-Term Energy Outlook released on Tuesday.EIA's forecast for the average price of Brent crude oil for 2020 remained at May's price level of $67 per barrel.
The EIA lowered its forecast of West Texas Intermediate (WTI) crude oil average price for 2019 to $59.29 from May's price level of $62.79. For 2020, the EIA said it expects the figure to remain at the level of the previous forecast of $63 per barrel.
