U.S. Department of Energy raised forecast for Brent crude average price for 2018
Date: 08:22, 11-07-2018.
Beijing. Jul 11. Silkroadnews - The U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy, has raised the forecast for average Brent crude price for 2018, the Kazakh Telegraph Agency reported citing Kommersant.
The EIA has raised the forecast for the average Brent crude price for 2018 from $71.06 to $71.8 per barrel. The forecast for the average price of WTI crude oil increased from $64.53 to $65.95 per barrel, a monthly review of the department presented on Wednesday says.
However, the EIA believes, in 2019 Brent crude price will make $68.74 per barrel, while in the June forecast the expected price was $67.74 per barrel.
