US Department of Energy lowers its forecast for Brent oil in 2020

The US Department of Energy lowered its forecast for the price of Brent crude oil in 2020 from 41.19 US dollars per barrel to 40.61 US dollars.
According to Report, it is stated in the report of the US Energy Information Administration (EIA).

As Ministry said the price will be set at 46.59 US dollars per barrel in 2021.

The price of WTI crude oil is projected at 38.24 US dollars per barrel in 2020 and 44.24 US dollars in 2021.