Crude oil prices expected to increase slightly through 2017 and 2018

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11 Jan

Crude oil prices expected to increase slightly through 2017 and 2018">Crude oil prices expected to increase slightly through 2017 and 2018

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(Thu, 12 Jan 2017) The U.S. Energy Information Administration’s January <em>Short-Term Energy Outlook</em> (STEO) forecasts benchmark North Sea Brent and West Texas Intermediate (WTI) crude oil prices to average $53 per barrel (b) and $52/b, respectively, in 2017, close to their levels during the last three weeks of 2016. These prices are expected to rise to $56/b and $55/b, respectively, in 2018.

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