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The EIA's March Short-Term Energy Outlook shows Brent averaging $65 per barrel in February, down $4 from January. It forecasts Brent at about $62 in 2018 and 2019, and WTI about $4 below Brent.
US crude output is projected to reach a record 10.7 million barrels per day in 2018.
Forecast lower crude prices and rising US output point to softer energy costs and a weaker outlook for fuel-linked feed costs.
fuelsmarketnews.comKeith ReidMar 13, 2018After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
