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EIA raises 2014 forecast on WTI crude-oil prices to nearly $96

Posted on 09 April 2014

Spot prices for West Texas Intermediate crude oil are expected to average at $95.60 a barrel this year — up from a previous forecast of $95.33 a barrel, according to the monthly Short-Term Energy Outlook report issued Tuesday by the Energy Information Administration.
The EIA also lowered its 2014 price forecast for Brent crude, the European oil benchmark, to $104.88 a barrel from $104.92 in the previous report, and said it expects an average 2015 price of $4.11 per million British thermal units for natural gas, down from the $4.14 previously expected………………………………………..Full Article: Source


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