EIA Raises WTI and Brent Crude Price Forecasts for 2026 and 2027

US EIA upgrades WTI to $80.88/bbl for 2026 and Brent to $86.81/bbl, signaling tighter supply expectations in the near term.

Woofun AI data shows that the U.S. Energy Information Administration's Short-Term Energy Outlook has revised upward its price projections for crude oil. The report sets the 2026 WTI forecast at $80.88 per barrel, an increase from the prior estimate of $76.26, while the 2027 projection rises to $65.39 from $60.76. Brent crude forecasts are similarly adjusted, with 2026 expected at $86.81 per barrel, up from $81.91, and 2027 projected at $69.39, compared to the previous $64.76 estimate.