US increased its oil price forecast

US increased its oil price forecast
# 09 August 2023 13:19 (UTC +04:00)

The US Department of Energy increased its forecast for the average price of Brent standard oil in 2023 to $82,62 per barrel from $79,34, APA-Economics reports citing the report of Energy Information Administration (EIA) under the US Ministry of Energy.

Oil might reach $86,48 per barrel in 2024 (previous forecast – $83,51).

WTI crude oil's average price is estimated to reach $77,79 per barrel in 2023 (previous forecast – $74,43) and $81,48 per barrel (previous forecast – $78,51) in 2024.

It is noted that last year the average price of "Brent" was $100.94, and WTI was $94.91.

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