The EIA Just Raised Its Oil Price Forecast for the Fourth Quarter. It Now Expects Brent to be Above $100.

Source: International Business Times

The Energy Information Administration hiked its forecast of oil prices for the fourth quarter of the year. Getty Images The Energy Information Administration hiked its forecast of oil prices for the fourth quarter of the year as flows remain tight due to ongoing conflicts around the war and particularly in the Middle East. In a new overview, the EIA said it estimates that oil flows in the region will remain constrained in the last quarter of the year.