EIA Significantly Raises U.S. and Brent Crude Oil Price Forecasts for This Year

2026.03.11 00:05:46

On March 11, the U.S. Energy Information Administration (EIA) released its Short-Term Energy Outlook report, with upward revisions to its crude oil price forecasts for 2026 and 2027: - **Brent crude**: 2026 expected price is $78.84 per barrel (up from the prior estimate of $57.69); 2027 forecast is $64.47 per barrel (revised up from $53). - **WTI crude**: 2026 expected price is $73.61 per barrel (up from the prior $53.42); 2027 forecast is $60.81 per barrel (revised up from $49.34). Source: Oriental Wealth

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