# EIA: Brent to stay in mid-$50s in 1st qtr - Petroleum News

> The U.S. Energy Information Administration's January Short-Term Energy Outlook forecasts Brent at an average of $53 a barrel in both 2021 and 2022. The agency expects OPEC+ restraint to keep Brent in the mid-$50s during the first quarter. It also expects U.S. crude output to fall again this year.

- Date: 2021-01-17 · published 2021-01-17T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/49322-eia-brent-to-stay-in-mid-50s-in-1st-qtr-petroleum-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The EIA forecast anchors expectations for energy input costs through 2022, which affects diesel and freight budgets for feed purchasers. Stable crude also limits the upside for biofuel-linked demand for corn and soyoil.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-12-13 | [EIA Short-Term Energy Outlook: Petroleum Products - Mansfield Energy](https://feedsoft.ai/events/67669-eia-short-term-energy-outlook-petroleum-products-mansfield-energy.md) | +0.6% | +11.7% |
| WTI | 2022-11-03 | [EIA: What's Behind the Rapid Increases in Diesel Prices? - Fuels Market News](https://feedsoft.ai/events/7919-eia-what-s-behind-the-rapid-increases-in-diesel-prices-fuels-market-news.md) | -4.7% | -9.9% |
| WTI | 2020-09-30 | [U.S. crude, distillate stocks down in most recent week: EIA \| 104.5 & 96.1 The Point](https://feedsoft.ai/events/51291-u-s-crude-distillate-stocks-down-in-most-recent-week-eia-104-5-and-96-1-the.md) | +3.7% | +0.8% |
| WTI | 2018-10-16 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/62749-eia-short-term-energy-outlook-fuels-market-news.md) | -3.6% | -16.6% |
| WTI | 2018-04-12 | [EIA: Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/65697-eia-short-term-energy-outlook-fuels-market-news.md) | +2.4% | +6.5% |
| BRENT | 2018-09-12 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/63219-eia-short-term-energy-outlook-fuels-market-news.md) | +0.6% | +8.2% |
| BRENT | 2018-04-12 | [EIA: Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/65697-eia-short-term-energy-outlook-fuels-market-news.md) | +1.7% | +6.9% |
| BRENT | 2020-01-16 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/55279-eia-short-term-energy-outlook-fuels-market-news.md) | -1.5% | -12.5% |

## Sources

- petroleumnews.com: https://www.petroleumnews.com/story/2021/01/17/news/eia-brent-to-stay-in-mid-50s-in-1st-qtr/37278.html

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