Tag: Brent crude

29Nov
Oil Prices Set to Drop to $55/barrel in 2026 as Inventories Surge, EIA Forecasts
Lysander Templeton

EIA forecasts Brent crude to average $55/barrel in 2026 as global inventories rise, with WTI slipping to the low $50s—far below industry expectations. Natural gas prices climb on LNG demand, while oil companies face pressure to cut spending.