# US EIA hikes oil price forecasts as Iran war drains global stockpile By Reuters

> The US Energy Information Administration raised its 2026 and 2027 oil price forecasts in its Short-Term Energy Outlook. It now expects Brent to average about $91 in 2026, up nearly 5%, and WTI about $84.65. Global inventories have fallen by about 400 million barrels this year.

- Date: 2026-09-09 · published 2026-09-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/17665-us-eia-hikes-oil-price-forecasts-as-iran-war-drains-global-stockpile-by-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A government forecast of drawing global stocks supports higher crude prices into the next year, raising input costs for feed and farm operations. The report also shows that Middle East supply losses are expected to persist.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-01 | [Iran war shock drives steepest hike yet in oil price forecasts](https://feedsoft.ai/events/20327-iran-war-shock-drives-steepest-hike-yet-in-oil-price-forecasts.md) | -12.2% | -1.1% |
| BRENT | 2020-08-11 | [EIA revises up 2020 oil price forecasts on larger forecast stock draws \| Oil & Gas Journal](https://feedsoft.ai/events/51809-eia-revises-up-2020-oil-price-forecasts-on-larger-forecast-stock-draws-oil-and.md) | +1.2% | -6.6% |
| BRENT | 2024-09-10 | [US EIA lifts oil demand forecast, says prices will recover to above $80/bbl \| Reuters](https://feedsoft.ai/events/10170-us-eia-lifts-oil-demand-forecast-says-prices-will-recover-to-above-80-bbl.md) | +1.7% | +12.8% |
| BRENT | 2020-12-10 | [US Energy Agency Revises up Oil Price Forecast - World-Energy](https://feedsoft.ai/events/49832-us-energy-agency-revises-up-oil-price-forecast-world-energy.md) | +4.3% | +14.2% |
| BRENT | 2018-11-01 | [Resumption of Iran sanctions adds uncertainty to crude oil and gasoline price forecasts](https://feedsoft.ai/events/62705-resumption-of-iran-sanctions-adds-uncertainty-to-crude-oil-and-gasoline-price.md) | -5.4% | -22.3% |
| WTI | 2026-04-01 | [Iran war shock drives steepest hike yet in oil price forecasts](https://feedsoft.ai/events/20327-iran-war-shock-drives-steepest-hike-yet-in-oil-price-forecasts.md) | -6.6% | +6.7% |
| WTI | 2020-08-11 | [EIA revises up 2020 oil price forecasts on larger forecast stock draws \| Oil & Gas Journal](https://feedsoft.ai/events/51809-eia-revises-up-2020-oil-price-forecasts-on-larger-forecast-stock-draws-oil-and.md) | +2.3% | -12.2% |
| WTI | 2024-09-10 | [US EIA lifts oil demand forecast, says prices will recover to above $80/bbl \| Reuters](https://feedsoft.ai/events/10170-us-eia-lifts-oil-demand-forecast-says-prices-will-recover-to-above-80-bbl.md) | +2.1% | +11.9% |

## Sources

- za.investing.com: https://za.investing.com/news/commodities-news/us-eia-hikes-oil-price-forecasts-as-iran-war-drains-global-stockpile-4458735

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