EIA raises oil price forecasts for 2025, 2026
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The US Energy Information Administration (EIA) has revised its oil price forecasts, with some reports indicating an increase in forecasted prices for 2025 and 2026. However, other reports suggest the EIA is forecasting lower oil prices in 2026 and 2027 due to oversupply. The EIA has also raised its forecast for US oil production, which is expected to impact oil prices.
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