# EIA Raises 2026, 2027 Oil Price Forecasts Yet Again

> The US Energy Information Administration raised its 2026 Brent spot price forecast to $97.44 per barrel and its 2027 forecast to $85.78 in its November short-term energy outlook. The agency sees Brent averaging $109.13 in the fourth quarter of 2026.

- Date: 2026-11-12 · published 2026-11-12T18:09:25.926Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/95840-eia-raises-2026-2027-oil-price-forecasts-yet-again
- 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

A higher official price path signals that energy costs will stay elevated, raising input costs for grain drying, transport and fertilizer that feed into feed prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-03-25 | [EIA sharply raises 2026-2027 diesel price forecast \| Latest Market News](https://feedsoft.ai/events/31383-eia-sharply-raises-2026-2027-diesel-price-forecast-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2020-08-11 | [EIA revises up 2020 oil price forecasts on larger forecast stock draws \| Oil & Gas Journal](https://feedsoft.ai/events/51809-eia-revises-up-2020-oil-price-forecasts-on-larger-forecast-stock-draws-oil-and.md) | +1.2% | -6.6% |
| BRENT | 2020-12-10 | [US Energy Agency Revises up Oil Price Forecast - World-Energy](https://feedsoft.ai/events/49832-us-energy-agency-revises-up-oil-price-forecast-world-energy.md) | +4.3% | +14.2% |
| BRENT | 2026-04-01 | [Iran war shock drives steepest hike yet in oil price forecasts](https://feedsoft.ai/events/20327-iran-war-shock-drives-steepest-hike-yet-in-oil-price-forecasts.md) | -12.2% | -1.1% |
| 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% |
| WTI | 2020-08-11 | [EIA revises up 2020 oil price forecasts on larger forecast stock draws \| Oil & Gas Journal](https://feedsoft.ai/events/51809-eia-revises-up-2020-oil-price-forecasts-on-larger-forecast-stock-draws-oil-and.md) | +2.3% | -12.2% |
| WTI | 2020-12-10 | [US Energy Agency Revises up Oil Price Forecast - World-Energy](https://feedsoft.ai/events/49832-us-energy-agency-revises-up-oil-price-forecast-world-energy.md) | +5.2% | +14.7% |
| WTI | 2026-04-01 | [Iran war shock drives steepest hike yet in oil price forecasts](https://feedsoft.ai/events/20327-iran-war-shock-drives-steepest-hike-yet-in-oil-price-forecasts.md) | -6.6% | +6.7% |

## Sources

- rigzone.com: https://www.rigzone.com/news/eia_raises_2026_2027_oil_price_forecasts_yet_again-12-nov-2026-185067-article/

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