# EIA raises oil price forecast for 4th straight month amid Mideast disruptions

> The EIA raised its 2026 Brent forecast to $97.44 per barrel and its 2027 forecast to $85.78, citing declining global inventories and continued Middle East production and shipping disruptions. It expects prices to ease in 2027 as production recovers and inventories rebuild, while noting that Saudi pipeline restarts and ship-to-ship transfers helped sustain October exports.

- Date: 2026-11-11 · published 2026-11-11T09:24:46.485Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/93361-eia-raises-oil-price-forecast-for-4th-straight-month-amid-mideast-disruptions
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tighter inventories and disrupted oil flows support crude and transport-energy costs, potentially raising feed production and freight expenses. The expected recovery in supply and inventory rebuilding point to lower oil prices in 2027.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-01-18 | [Oil prices rise on global demand forecasts, US crude stock draw](https://feedsoft.ai/events/32278-oil-prices-rise-on-global-demand-forecasts-us-crude-stock-draw.md) | +3.5% | +5.9% |
| BRENT | 2024-01-30 | [Crude oil prices today: WTI, Brent rise after IMF forecast](https://feedsoft.ai/events/32274-crude-oil-prices-today-wti-brent-rise-after-imf-forecast.md) | -5.5% | +0.1% |
| BRENT | 2021-10-15 | [Oil prices rise to three-year high on back of supply deficit forecasts](https://feedsoft.ai/events/44716-oil-prices-rise-to-three-year-high-on-back-of-supply-deficit-forecasts.md) | +0.8% | -0.9% |
| BRENT | 2026-03-03 | [Standard Chartered raises 2026 Brent forecasts following Middle East turmoil \| Reuters](https://feedsoft.ai/events/8006-standard-chartered-raises-2026-brent-forecasts-following-middle-east-turmoil.md) | +24.7% | +51.3% |
| BRENT | 2021-06-30 | [Rupee weakens further amid strong dollar, rising oil prices - Daijiworld.com](https://feedsoft.ai/events/46886-rupee-weakens-further-amid-strong-dollar-rising-oil-prices-daijiworld-com.md) | +0.1% | -0.5% |
| WTI | 2018-05-10 | [US Dollar Forecast: Has USD Run Out Of Surprises This Month?](https://feedsoft.ai/events/65213-us-dollar-forecast-has-usd-run-out-of-surprises-this-month.md) | +0.4% | -7.3% |
| WTI | 2021-10-25 | [DOE/EIA diesel price now up 30 cents in a month - FreightWaves](https://feedsoft.ai/events/44747-doe-eia-diesel-price-now-up-30-cents-in-a-month-freightwaves.md) | -0.9% | -9.7% |
| WTI | 2024-01-18 | [Oil prices rise on global demand forecasts, US crude stock draw](https://feedsoft.ai/events/32278-oil-prices-rise-on-global-demand-forecasts-us-crude-stock-draw.md) | +3.6% | +5.8% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/energy/oil/eia-raises-oil-price-forecast-for-4th-straight-month-amid-mideast-disruptions/60877

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