EIA Slashes Price Forecasts for WTI and Brent Oil: What Will it Mean for You?
The Energy Information Administration (EIA) recently released its monthly Short-Term Energy Outlook report, which included reduced forecasts for U.S. and global benchmark crude oil prices in 2023 and 2024. This downward revision comes as concerns about weakening global economic conditions, risks in the global banking sector, and persistent inflation continue to weigh on oil prices. […]