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The EIA's July Short-Term Energy Outlook forecasts Brent averaging $51 per barrel in 2017 and $52 in 2018, with WTI about $2 lower. It forecasts WTI at $48 for October 2017 and notes that options markets imply a wide price range.
The EIA forecast anchors expectations for crude at about $50 through 2018, implying no strong directional move for energy-linked costs in the near term.
eia.govU.S. Energy Information Administration (EIA) (.gov)Aug 1, 2017After 41 past neutral report events, BRENT moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% over 20.
After 56 past neutral report events, WTI moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% 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.
