# EIA forecasts $100 Brent in fourth quarter

> The EIA's November Short-Term Energy Outlook forecasts Brent averaging $97 in 2026, with fourth-quarter prices near $100 a barrel. The agency expects the average to fall to $86 in 2027 as most Middle East production returns to pre-conflict levels by mid-year.

- Date: 2026-11-15 · published 2026-11-15T00:11:27.521Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/100203-eia-forecasts-100-brent-in-fourth-quarter
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A high near-term forecast keeps energy costs elevated for feed producers through year-end, while the expected 2027 decline would reduce costs later.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-01-17 | [EIA: Brent to stay in mid-$50s in 1st qtr - Petroleum News](https://feedsoft.ai/events/49322-eia-brent-to-stay-in-mid-50s-in-1st-qtr-petroleum-news.md) | +0.7% | +13.6% |
| BRENT | 2019-02-01 | [EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020](https://feedsoft.ai/events/61262-eia-forecasts-world-crude-oil-prices-to-rise-gradually-averaging-65-per-barrel.md) | -1.4% | +5.4% |
| BRENT | 2017-03-10 | [Another type of crude oil to be included in calculation of the Brent price benchmark -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/72177-another-type-of-crude-oil-to-be-included-in-calculation-of-the-brent-price.md) | -0.5% | +5.5% |
| BRENT | 2021-05-31 | [OPEC+ JTC keeps 2021 oil demand growth forecast unchanged - Markets - Business Recorder](https://feedsoft.ai/events/47017-opec-jtc-keeps-2021-oil-demand-growth-forecast-unchanged-markets-business.md) | +2.4% | +7.5% |
| BRENT | 2024-12-12 | [Oil settles flat; markets weigh IEA surplus forecast, rate cut optimism \| Reuters](https://feedsoft.ai/events/27118-oil-settles-flat-markets-weigh-iea-surplus-forecast-rate-cut-optimism-reuters.md) | +0.0% | +7.9% |
| WTI | 2021-01-17 | [EIA: Brent to stay in mid-$50s in 1st qtr - Petroleum News](https://feedsoft.ai/events/49322-eia-brent-to-stay-in-mid-50s-in-1st-qtr-petroleum-news.md) | +0.9% | +14.9% |
| WTI | 2019-02-01 | [EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020](https://feedsoft.ai/events/61262-eia-forecasts-world-crude-oil-prices-to-rise-gradually-averaging-65-per-barrel.md) | -2.1% | +6.3% |
| WTI | 2022-11-01 | [National diesel average falls for the first time in four weeks, reports EIA - Logistics Management](https://feedsoft.ai/events/7922-national-diesel-average-falls-for-the-first-time-in-four-weeks-reports-eia.md) | +6.1% | -9.8% |

## Sources

- petroleumnews.com: https://www.petroleumnews.com/story/2026/11/15/finance/eia-forecasts-100-brent-in-fourth-quarter/50516.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.