2015 average monthly wti price
West Texas Intermediate prices in 2015 and 2016 are expected to average $7/bbl and $5/bbl, respectively, less than Brent. The Brent-WTI spread for 2015 is more than twice the projection in last month's STEO, reflecting continuing large builds in US crude oil inventories, including at the Cushing, Okla., storage hub.orth Sea Brent crude oil prices averaged $58/bbl in February—up $10/bbl from the January average—representing the first monthly average price increase since June 2014, according to the US Energy Information Administration’s latest Short-Term Energy Outlook (STEO). The U.S. Energy Information Administration raised its 2015 forecasts for West Texas Intermediate crude prices and U.S. oil production, in a monthly report issued Tuesday.The government agency said it expects WTI prices to average $55.35 a barrel this year, up from a previous forecast of $54.32.he EIA, however, said it expects WTI crude to average $62.04 a barrel in 2016, down from the prior view of $65.57. Brent crude uk:lcon5 is forecast at $60.53 this year, down from a previous forecast of $60.79. SAN FRANCISCO (MarketWatch) -- The U.S. Energy Information Administration lowered its forecasts for West Texas Intermediate crude prices in a monthly report issued Tuesday. The government agency said it expects WTI prices to average $52.15 a barrel this year. It previously forecast a 2015 average of $55.02.AN FRANCISCO (MarketWatch) -- The U.S. Energy Information Administration lowered its forecasts for West Texas Intermediate crude prices in a monthly report issued Tuesday. The government agency said it expects WTI prices to average $52.15 a barrel this year. It previously forecast a 2015 average of $55.02. The EIA now forecasts the Brent crude price to average $61 a barrel in 2015 and $67 a barrel in 2016.The WTI price will average $5 a barrel below the Brent price.or the full year, the EIA expects an average price of $2.44 a gallon, a penny a gallon higher than last month’s estimate. For 2016, EIA estimates gasoline to cost $2.55 a gallon, down eight cents compared with last month’s estimate. U.S. crude oil production averaged an estimated 9.6 million barrels a day in May. Although WTI futures contracts for June delivery traded during the 5-day period ending Mar. 5 averaged $54/bbl, the market’s expectations for monthly average WTI prices in June range $33-81/bbl. The band widens over time, with lower and upper limits of $32/bbl and $108/bbl for the broadly held December 2015 contract.Total US crude oil production, meanwhile, averaged an estimated 9.4 million b/d in February.orth Sea Brent crude oil prices averaged $58/bbl in February—up $10/bbl from the January average—representing the first monthly average price increase since June 2014, according to the US Energy Information Administration’s latest Short-Term Energy Outlook (STEO). The EIA forecasts that Brent crude oil prices will average $61/bbl in 2015 and $67/bbl in 2016, $3 less than the agency forecast for 2016 prices in last month’s STEO. WTI prices are expected to average $56/bbl in 2015 and $62/bbl in 2016, maintaining a $5 spread with the international crude benchmark for both years.est Texas Intermediate is expected to average $5 less than Brent for 2015-2016. The Energy Information Administration (EIA) released its Short Term Energy Outlook (STEO) for the month of May, showing prices for both Brent and West Texas Intermediate (WTI) are stronger than in the past. The agency also forecasts monthly average gasoline prices to decline from May levels and to average $2.43 per gallon of regular gasoline for the second half of 2015. For the full year, the EIA expects an average price of $2.44 a gallon, a penny a gallon higher than last month’s estimate.For 2016, EIA estimates gasoline to cost $2.55 a gallon, down eight cents compared with last month’s estimate. U.S. crude oil production averaged an estimated 9.6 million barrels a day in May.or the full year, the EIA expects an average price of $2.44 a gallon, a penny a gallon higher than last month’s estimate. For 2016, EIA estimates gasoline to cost $2.55 a gallon, down eight cents compared with last month’s estimate. U.S. crude oil production averaged an estimated 9.6 million barrels a day in May. Prices of WTI per barrel during the period considered above were lower than those of the two other crude oils, with the price of OPEC basket oil reaching 104.45 U.S. dollars per barrel in July 2013, and the UK Brent crude oil price at 107.93 U.S. dollars per barrel in July 2013.his statistic depicts the price of West Texas Intermediate (WTI) crude oil from August 2014 to August 2015. WTI is also known as Texas light sweet and is a grade of crude oil, often used as a benchmark for oil pricing. WTI and Brent crude oil: average annual spot prices 1990-2014. Annual average WTI and Brent crude oil spot prices from 1990 to 2014 (U.S. dollars per barrel).This graph displays the spot price for West Texas Intermediate and Brent crudes between 1990 and 2014.In 2013, the average spot price for West Texas Intermediate crude oil came to just under 98 U.S. dollars per barrel.TI and Brent crude oil: average annual spot prices 1990-2014. Annual average WTI and Brent crude oil spot prices from 1990 to 2014 (U.S. dollars per barrel). The EIA raised its 2015 Brent crude estimate to $59.50 from $57.56. WTI will average $70 next year and Brent $75.03, the agency said. Rig Counts. On a monthly basis, U.S. crude production will peak this year in May before recovering in October, according to the EIA.he EIA raised its 2015 Brent crude estimate to $59.50 from $57.56. WTI will average $70 next year and Brent $75.03, the agency said. Rig Counts. On a monthly basis, U.S. crude production will peak this year in May before recovering in October, according to the EIA.
$56/bbl