EIA expects relatively flat crude oil prices in 2024 and 2025

After 41 past neutral report events, Crude Oil (Brent) moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% over 20.

• Feb 1, 2019EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020-1.4%
• Aug 1, 2017Brent and WTI crude oil prices expected to average about $50 per barrel through 2018-0.8%
• Jan 7, 2020Crude oil prices were generally lower in 2019 than in 2018 - U.S. Energy Information Administration (EIA)-7.8%
• Feb 1, 2019Crude oil prices end the year lower than they began the year-1.4%
• Sep 21, 2017Changing quality mix is affecting crude oil price differentials and refining decisions - U.S. Energy Information Administration (EIA)+2.8%

After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.

• Feb 1, 2019EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020-2.1%
• Aug 1, 2017Brent and WTI crude oil prices expected to average about $50 per barrel through 2018-1.6%
• Jan 7, 2020Crude oil prices were generally lower in 2019 than in 2018 - U.S. Energy Information Administration (EIA)-8.1%
• Feb 1, 2019Crude oil prices end the year lower than they began the year-2.1%
• May 27, 2020North American crude oil prices are closely, but not perfectly, connected - U.S. Energy Information Administration (EIA)+6.6%