Forecast For Oil Prices In 2024. Crude oil prices rose yesterday due to a surprise weekly draw due to the cold weather. Eia now expects brent crude oil prices to average $88.55 a barrel this year, up from its earlier forecast of $87, while u.s.
The draw on global oil stocks during 2024 will keep brent crude oil prices elevated, averaging $88/b in 2q24, $4/b higher than we had forecast in the february. West texas intermediate crude prices are.