EIA forecasts up for price, US production
Agency’s May Short-Term Energy Outlook predicts Brent at $71 this year, US crude at 10.7 million bpd, up to 11.9 million next year
The U.S. Energy Information Administration is forecasting higher Brent crude oil spot prices for this year and next, with the 2018 price now forecast to average $71 per barrel and the 2019 price averaging $66.
“The short-term outlook is revising its forecast for Brent crude oil spot prices, after A....
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US crude production rising
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