According to Energy Information Administration within U.S. Department of Energy Brent crude oil prices are forecast to average $61/b for all of 2020, a decrease of $4 in comparison to January of current year, APA-Economics reports citing the monthly report of EIA.
The front-month futures price for Brent crude oil settled at $54.93 per barrel (b) on February 6, 2020, a decrease of $11.32/b from January 2, 2020.