U.S. EIA lowers projections for 2022 oil prices
HOUSTON, July 12 (Xinhua) -- The U.S. Energy Information Administration (EIA) on Tuesday lowered its 2022 price projections for WTI and Brent crude.
In its July Short-Term Energy Outlook report, the agency said the spot price of Brent crude oil, which averaged 71 U.S. dollars per barrel in 2021, will average 104 dollars per barrel in 2022, down 3.1 percent from the June forecast.
West Texas Intermediate (