Monday, November 15, 2021
Brent crude oil spot prices are expected to remain consistent with current levels through the end of the year, according to the Energy Information Administration.
After averaging $84/bbl in October, prices are expected to settle around $82/bbl through the end of the year.
As production growth begins to outpace global consumption, EIA expects prices to drop to an average of $72/bbl in 2022.
Learn more: Natural Gas Intelligence > Global Crude Oil Prices to Average $82 to Year’s End and $72 in 2022, EIA Says
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