The US Department of Energy raised the forecast for the average price of a barrel of Brent in 2026 to $96.3

The US Department of Energy raised the forecast for the average price of a barrel of Brent in 2026 to $96.3

The US Department of Energy again significantly raised its forecast for Brent crude oil for 2026: from $91.01 to $96.32 per barrel, according to the agency's monthly forecast from the Energy Information Administration (EIA). "Despite the expected increase in oil production and supplies from the Middle East, we have raised our forecast for world oil prices compared to last month.