Average crude oil prices forecast to rise as markets move toward balance (1/11/2017)

The U.S. Energy Information Administration's (EIA) January Short-Term Energy Outlook (STEO) forecasts benchmark North Sea Brent and West Texas Intermediate (WTI) to average $53 per barrel (b) and $52/b, respectively, in 2017, close to their level during the last three weeks of 2016. Average forecast prices rise to $56/b and $55/b, respectively, in 2018. ... More »