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According to EIA in month of December, WTI spot price averaging $76.51 per barrel in 2024 and $69.12 per barrel in 2025.
The EIA’s previous STEO, in November, projected that the WTI spot price would average $77 per barrel in 2024 and $71.60 per barrel in 2025.
A research note sent to Rigzone by the JPM Commodities Research team last Friday showed that J.P. Morgan expects the WTI Crude price to average $76 per barrel in 2024, $69 per barrel in 2025, and $57 per barrel in 2026.
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