Oil Prices Rise, Transportation Constraints Impact Oil Price Forecasts, EIA Says in June STEO

摘要

Oil prices shot up $5/b between April and May, and the Brent crude oil spot prices averaged $77/b, according to the U.S. Energy Information Administration’s (EIA’s) June Short-Term Energy Outlook (STEO). That’s the highest price per barrel since 2014, it adds. EIA is predicting the average Brent spot price per barrel for 2018 to be $71 — a number that it anticipates will fall in 2019 to $68/b.