The U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook (STEO) released on November 8 forecasts that North Sea Brent crude oil prices will average $43 per barrel (b) in 2016 and $51/b in 2017. EIA expects that West Texas Intermediate (WTI) prices will average $43/b in 2016 and $50/b in 2017. …
Source: This Week in Petroleum