home Oil Prices Oil is Rising, but EIA’s Short-Term Energy Outlook is not all That Pretty

Oil is Rising, but EIA’s Short-Term Energy Outlook is not all That Pretty

The U.S. Energy Information Administration lowered its outlook on Brent crude for 2017 and 2018 to last month’s projections by $2 and $4, respectively, to $51 per barrel and $52 per barrel, but oil prices have been climbing so far Tuesday.

Photo by Joe Raedle/Getty Images
Photo by Joe Raedle/Getty Images

Brent crude rose 1.5% to $47.59 per barrel. Meanwhile United States Oil (USO) has climbed 1.6% and iPath S&P GSCI Crude Oil Total Return ETN (OIL) has risen 1.5%.

0 views