U.S. Energy Information Administration - EIA - Independent Statistics and Analysis
‹ Analysis & Projections
Short-Term Energy Outlook
Notable Forecast Changes
- EIA expects West Texas Intermediate crude oil prices to average almost $5/b lower than Brent prices in 2018. Previously EIA had expected that spread to be almost $4/b. The wider spread reflects the assumption of increasing near-term constraints in moving light sweet crude oil from Cushing, Oklahoma, to the U.S. Gulf Coast, where it can compete with globally traded crude oil.