# EIA expects relatively flat crude oil prices in 2024 and 2025

> The EIA forecasts Brent averaging $82 per barrel in 2024 and $79 in 2025, roughly flat with 2023. It expects Brent to rise to $85 by March 2024 on OPEC+ cuts and stock draws before easing after April.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/32277-eia-expects-relatively-flat-crude-oil-prices-in-2024-and-2025
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A flat outlook implies stable energy input costs for feed producers over the year. The expected Q1 rally may lift diesel and biofuel-linked vegetable oil values in the near term.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-08-01 | [Brent and WTI crude oil prices expected to average about $50 per barrel through 2018](https://feedsoft.ai/events/70147-brent-and-wti-crude-oil-prices-expected-to-average-about-50-per-barrel-through.md) | -0.8% | -0.8% |
| BRENT | 2020-01-07 | [Crude oil prices were generally lower in 2019 than in 2018 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55330-crude-oil-prices-were-generally-lower-in-2019-than-in-2018-u-s-energy.md) | -7.8% | -22.1% |
| BRENT | 2019-02-01 | [Crude oil prices end the year lower than they began the year](https://feedsoft.ai/events/61265-crude-oil-prices-end-the-year-lower-than-they-began-the-year.md) | -1.4% | +5.4% |
| BRENT | 2017-09-21 | [Changing quality mix is affecting crude oil price differentials and refining decisions -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/69127-changing-quality-mix-is-affecting-crude-oil-price-differentials-and-refining.md) | +2.8% | +2.4% |
| 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 | 2017-08-01 | [Brent and WTI crude oil prices expected to average about $50 per barrel through 2018](https://feedsoft.ai/events/70147-brent-and-wti-crude-oil-prices-expected-to-average-about-50-per-barrel-through.md) | -1.6% | -7.5% |
| WTI | 2020-01-07 | [Crude oil prices were generally lower in 2019 than in 2018 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55330-crude-oil-prices-were-generally-lower-in-2019-than-in-2018-u-s-energy.md) | -8.1% | -21.6% |

## Sources

- eia.gov: https://www.eia.gov/todayinenergy/detail.php?id=61222

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