EIA expects Brent near $100 through year-end as oil supplies stay tight

The U.S. Energy Information Administration expects Brent crude to stay near $100 a barrel for the rest of 2026. In its November 10 outlook, the agency said falling global stocks, tighter tanker capacity and higher shipping costs had put pressure on supply as crude prices rose for a third straight month in October. The agency projects Brent will average $77 a barrel in the last quarter of 2027 as global oil stocks recover. That forecast assumes most Middle Eastern oil production outside Iran returns to pre-conflict averages by the middle of 2027. The EIA finished compiling its forecast inputs on November 5 and plans its next outlook for December 8. Cover image is an AI-generated editorial illustration.

EIA expects Brent near $100 through year-end as oil supplies stay tight

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