Loading…
The EIA’s November Short-Term Energy Outlook projected Brent crude near $100 per barrel for the rest of 2026, then averaging $77 per barrel in the fourth quarter of 2027. The agency cited falling global inventories, tanker attacks, constrained shipping capacity and higher transport costs as factors that tightened supply in October, while US crude futures fell for a second consecutive session.
The EIA’s outlook points to a tighter near-term supply-demand balance, which could support crude prices despite the recent futures decline. Its forecast was finalized on November 5 and does not incorporate later market events.
prnewswire.comOil Market DailyNov 11, 2026After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% 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.
