THE EIA IS DOWN TO TWO YEARS' WORTH OF OIL

ON 8 JULY, THE EIA SHORT-TERM ENERGY OUTLOOK REPORT: WTI CRUDE OIL PRICES ARE PROJECTED AT $76.26 PER BARREL IN 2026, COMPARED WITH 88.32 PER BARREL PREVIOUSLY EXPECTED. THE WTI CRUDE OIL PRICE IS EXPECTED TO BE $60.76 PER BARREL IN 2027, COMPARED TO $74.39 PER BARREL PREVIOUSLY ANTICIPATED. BRENT PRICES ARE PROJECTED AT $81.91 PER BARREL IN 2026, COMPARED TO $95.39 PER BARREL PREVIOUSLY ANTICIPATED. BRENT PRICES ARE PROJECTED AT $64.76 PER BARREL IN 2027, COMPARED WITH $79.39 PER BARREL PREVIOUSLY ANTICIPATED。