EIA raises crude oil price forecasts as Middle East supply risks tighten outlook
The latest EIA outlook includes a notable upward revision to crude oil price forecasts for both 2026 and 2027, while also adjusting its expectations for global supply and demand. The agency also highlighted significant Middle East production disruptions in July and continued risks surrounding key shipping routes.Key takeaways from the latest outlook: U.S. WTI crude spot prices are expected to average $80.88/bbl in 2026, up from the previous forecast of $76.26.
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