| The US Energy Information Administration's (EIA) Short-Term Energy Outlook forecasts that North Sea Brent crude oil prices will average $43 per barrel in 2016 and $51/b in 2017. EIA expects that West Texas Intermediate (WTI) prices will average $43/b in 2016 and $50/b in 2017.
A range from $35/b to $66/b encompasses the market expectation of WTI prices in February 2017 with 95 percent confidence, according to the report. The 95 percent confidence interval for market expectations widens over time, with lower and upper limits of $27/b and $96/b for prices in December 2017, said EIA.........................................Full Article: Source
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