WTI Crude oil prices are expected to average $44.24 per barrel next year, the EIA said in its latest Short-Term Energy Outlook (STEO), with the forecast price not much higher than the $42 spot price early on Wednesday. This year, WTI Crude prices are expected to average $38.24 per barrel, according to the EIA, which revised down slightly its estimates for the U.S. benchmark and for the international Brent benchmark compared to its estimates in the October STEO. In the November STEO this week, the EIA sees Brent Crude prices averaging $40.61 in 2020 and $46.59 next year. This compares to estimates of $41.19 for this year and $47.07 a barrel for 2021 in the October STEO . The October outlook also had higher price projections for WTI compared to the November forecasts. The October average estimate for 2020 was $38.76 a barrel, while the forecast for 2021 was […]