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The U.
S.
Energy Information Administration (EIA) said that Brent crude oil is expected to be $102.
13/barrel in 2022, compared with $102.
09/barrel previously expected, and Brent is expected to be $95.
33/barrel in 2023, compared with the previous expectation of $94.
58/barrel; WTI crude oil is expected to be $95.
88/b in 2022 vs.
$95.
74/b previously expected, and WTI crude oil is expected to be $89.
33/b in 2023 compared to $88.
58/b
previously expected.
raised global crude oil demand growth forecast by 140,000 b/d to 2.
26 million b/d in 2022; Cut global crude oil demand growth forecast by 320,000 b/d to 1.
16 million b/d
in 2023.