EIA: July Brent price up $2/bbl from June
US crude averaged 8.9 million bpd in 2016, forecast to average 9.3 million bpd in 2017, set new record at 9.9 million bpd in 2018
North Sea Brent crude oil spot prices averaged $48 per barrel in July, the U.S. Energy Information Administration said Aug. 8 in its Short-Term Energy Outlook, up $2 from the June average and up almost $4 per barrel from July 2016.
EIA said it is forecasting Brent to average $51 per barrel this yea....
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