Crude oil prices to remain relatively low through 2016 and 2017">Crude oil prices to remain relatively low through 2016 and 2017
(Wed, 13 Jan 2016) The Short-Term Energy Outlook (STEO) released on January 12, which is the first STEO to include projections for 2017, forecasts Brent crude oil prices will average $40 per barrel (b) in 2016 and $50/b in 2017. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent in 2016 and $3/b lower than Brent in 2017
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