On August 12, according to the EIA Short-Term Energy Outlook report, the forecast for the 2026 WTI crude oil price is $80.88 per barrel, up from the prior estimate of $76.26 per barrel. The forecast for 2027 WTI crude oil price is $65.39 per barrel, up from the prior estimate of $60.76 per barrel.
The forecast for the 2026 Brent price is $86.81 per barrel, up from the prior estimate of $81.91 per barrel. The forecast for the 2027 Brent price is $69.39 per barrel, up from the prior estimate of $64.76 per barrel.
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