# EIA Sees Brent Near $100 for the Rest of the Year as Crude Futures Ease Again

> 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.

- Date: 2026-11-11 · published 2026-11-11T15:13:23.378Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/93697-eia-sees-brent-near-100-for-the-rest-of-the-year-as-crude-futures-ease-again
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-10 | [Brent to trade above $95 for next two months on Iran war, EIA says  \| Reuters](https://feedsoft.ai/events/8159-brent-to-trade-above-95-for-next-two-months-on-iran-war-eia-says-reuters.md) | +4.1% | +27.2% |
| BRENT | 2023-08-01 | [EIA forecasts crude oil prices will increase through 2024 as demand rises above supply](https://feedsoft.ai/events/35198-eia-forecasts-crude-oil-prices-will-increase-through-2024-as-demand-rises-above.md) | +0.6% | -0.6% |
| BRENT | 2017-07-20 | [Brent tops $50 a barrel for first time in six weeks \| The National](https://feedsoft.ai/events/70146-brent-tops-50-a-barrel-for-first-time-in-six-weeks-the-national.md) | +3.1% | +2.7% |
| BRENT | 2021-08-25 | [U.S. crude inventories fall as demand hits highest since March 2020 - EIA \| Reuters](https://feedsoft.ai/events/11407-u-s-crude-inventories-fall-as-demand-hits-highest-since-march-2020-eia-reuters.md) | +2.9% | +4.0% |
| BRENT | 2021-07-30 | [Oil Futures Slip Ahead of Expiries After Thursday's Rally](https://feedsoft.ai/events/45973-oil-futures-slip-ahead-of-expiries-after-thursday-s-rally.md) | -5.9% | -7.1% |
| WTI | 2026-03-10 | [Brent to trade above $95 for next two months on Iran war, EIA says  \| Reuters](https://feedsoft.ai/events/8159-brent-to-trade-above-95-for-next-two-months-on-iran-war-eia-says-reuters.md) | -1.3% | +20.4% |
| WTI | 2023-08-01 | [EIA forecasts crude oil prices will increase through 2024 as demand rises above supply](https://feedsoft.ai/events/35198-eia-forecasts-crude-oil-prices-will-increase-through-2024-as-demand-rises-above.md) | +0.2% | -1.6% |
| WTI | 2017-07-20 | [Brent tops $50 a barrel for first time in six weeks \| The National](https://feedsoft.ai/events/70146-brent-tops-50-a-barrel-for-first-time-in-six-weeks-the-national.md) | +3.2% | -0.7% |

## Sources

- prnewswire.com: https://www.prnewswire.com/news-releases/eia-sees-brent-near-100-for-the-rest-of-the-year-as-crude-futures-ease-again-302936184.html

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