US raises 2026 Brent oil price forecast to $91.01

The US Department of Energy has raised its forecast for the average price of Brent crude oil in 2026 to $91.01 per barrel from $86.81, Report informs.

The department also raised its forecast for US oil production to 13.83 million barrels per day (bpd) in 2026 and 14.26 million bpd in 2027.

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