{"id":6469,"date":"2023-05-09T21:12:05","date_gmt":"2023-05-10T01:12:05","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/eia-lowers-its-price-forecasts-for-wti-and-brent-oil\/"},"modified":"2023-05-09T21:12:06","modified_gmt":"2023-05-10T01:12:06","slug":"eia-lowers-its-price-forecasts-for-wti-and-brent-oil","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=6469","title":{"rendered":"EIA lowers its price forecasts for WTI and Brent oil"},"content":{"rendered":"
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The Energy Information Administration on Tuesday cut its 2023 and 2024 forecasts for U.S. and global benchmark crude-oil prices, according to the monthly Short-Term Energy Outlook report. \u201cOngoing considerations about weakening global economic conditions, perceived risk around the global banking sector, and persistent inflation outweighed the initial increase in oil prices and have led to lower prices,\u201d the report said. Still, the EIA expects \u201cthe seasonal rise in oil consumption and a drop in OPEC crude oil production to put some upward pressure on crude oil prices in the coming months.\u201d The government agency reduced…\n <\/p>\n<\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Energy Information Administration on Tuesday cut its 2023 and 2024 forecasts for U.S. and global benchmark crude-oil prices, according to the monthly Short-Term Energy Outlook report. \u201cOngoing considerations about weakening global economic conditions, perceived risk around the global banking sector, and persistent inflation outweighed the initial increase in oil prices and have led to […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-6469","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nEIA lowers its price forecasts for WTI and Brent oil | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Energy Information Administration on Tuesday cut its 2023 and 2024 forecasts 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