EIA cuts 2019 average Brent oil price forecast to $63.37/bbl

MOSCOW, Oct 8 (PRIME) -- The U.S. Energy Information Administration (EIA) has lowered its forecast for the average Brent oil price in 2019 to U.S. $63.37 per barrel from $63.39 per barrel, the EIA said in a report on Tuesday.

The forecast for 2020 was reduced to $59.93 per barrel from $62 per barrel.

The forecast for the WTI crude price was lowered to $56.26 per barrel from $56.31 per barrel for 2019 and to $54.43 per barrel from $56.5 per barrel for 2020.

End