WTI Crude spot prices are expected to average $50.21 per barrel this year and $51.56 next year, the Energy Information Administration (EIA) said in its monthly Short-Term Energy Outlook (STEO) for February, raising its average price forecast for both WTI and Brent. In the January outlook, the EIA hadn’t expected WTI Crude spot prices to average above $50 per barrel either this year or next year. EIA’s call early last month was for an average $49.70 WTI spot price in 2021 and $49.81 per barrel price in 2022. For Brent Crude prices,…
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