EIA Forecasts Brent Crude Oil Prices at $106 per Barrel for May and June 2026

According to the U.S. Energy Information Administration (EIA) short-term energy outlook released on May 13, Brent crude oil prices are forecast to average around $106 per barrel in May and June 2026, supported by an expected average decline of 8.5 million barrels per day in global oil inventories during the second quarter.
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