EIA forecasts Brent crude at USD 85 in Q3, Brent crude to ease to USD 69 by 2027

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The US Energy Information Administration forecasts Brent crude will average around USD 85 per barrel in Q3 2026, easing to USD 69 in 2027. The EIA raised its estimate of Middle East production disruptions due to Strait of Hormuz restrictions, following July's price swings from USD 69 to USD 105. The agency expects most regional production recovers by early 2027, with 0.6 million barrels per day disruptions continue through 2027. US crude production rises from 13.8 million barrels per day in 2026 to 14.2 million barrels per day in 2027, with US commercial crude inventories below five-year 2021-25 low through 2026.


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