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According to Dow Jones on October 11, the US Energy Information Administration (EIA) on Wednesday raised its price forecasts for West Texas Intermediate (WTI) and Brent crude oil in the United States for 2018 and 2019, while raising its forecast
for US oil production this year and next year.
In its monthly energy outlook, EIA raised the average price of WTI crude oil this year to $68.
46/b, up 2.
1% from its September forecast, while raising the average price of WTI crude oil in 2019 to $69.
56/b, an increase of 3.
3%.
At the same time, EIA raised the average price of Brent crude oil by 2.
2% this year to $74.
43/barrel and next year by 1.
9% to $75.
06/barrel
.
The EIA raised its forecast for U.
S.
domestic oil production this year by 0.
8 percent to 10.
74 million b/d and next year by 2.
2 percent to 11.
76 million b/d
.
According to Dow Jones on October 11, the US Energy Information Administration (EIA) on Wednesday raised its price forecasts for West Texas Intermediate (WTI) and Brent crude oil in the United States for 2018 and 2019, while raising its forecast
for US oil production this year and next year.
In its monthly energy outlook, EIA raised the average price of WTI crude oil this year to $68.
46/b, up 2.
1% from its September forecast, while raising the average price of WTI crude oil in 2019 to $69.
56/b, an increase of 3.
3%.
At the same time, EIA raised the average price of Brent crude oil by 2.
2% this year to $74.
43/barrel and next year by 1.
9% to $75.
06/barrel
.
The EIA raised its forecast for U.
S.
domestic oil production this year by 0.
8 percent to 10.
74 million b/d and next year by 2.
2 percent to 11.
76 million b/d
.
