The US Department of Energy has raised its forecast for the average price of Brent standard oil in 2024 from USD 84.15 to USD 86.37, APA-Economics reports citing the report of the Energy Information Administration (EIA) of the US Department of Energy.
According to the information, the average price of Brent oil is expected to be USD 88.38 in 2025 (the previous forecast was USD 85.38).
It is noted that the average price of Brent in 2023 was USD 82.41.
According to the report, the average price of a barrel of WTI crude oil will be at the level of USD 82.03 in 2024 (previous forecast indicator – USD 79.7), and USD 83.88 in 2025 (previous forecast indicator – USD 80.88). .
The report emphasizes that the average price of one barrel of WTI crude oil in 2023 was USD 77.58.