EIA lowers the price forecast for WTI and Brent crude oil for this year and next.

Jin10 data reported on May 7th, EIA Short-Term Energy Outlook: It is expected that the average price of WTI crude oil for this year and next year will be $61.81/barrel and $55.24/barrel, respectively, down from $63.88/barrel and $57.48/barrel previously. It is expected that the average price of Brent crude oil for this year and next year will be $65.85/barrel and $59.24/barrel, respectively, down from $67.87/barrel and $61.48/barrel previously.

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