Tag Archives: WTI

Crude Oil Prices to Remain Relatively Low Through 2016, 2017

January 2016, Vol. 243, No. 1

The Short-Term Energy Outlook (STEO) released on Jan. 12, which is the first STEO to include projections for 2017, forecasts Brent crude oil prices will average $40 per barrel in 2016 and $50/bbl in 2017. West Texas Intermediate (WTI) crude oil prices are expected to be $2/bbl lower than Brent in 2016 and $3/bbl lower than Brent in 2017. EIA recognizes that there is still high uncertainty in the crude oil price outlook. For example, EIA’s forecast for the average WTI price in April 2016 is $37/bbl, while the market expects WTI prices to range from […]