EIA lowers forecast for Brent oil prices

EIA lowers forecast for Brent oil prices
  • Clock-gray 12:16
  • calendar-gray 12 February 2020

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. 

Emil Ismayilov

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