Washington, Nov. 11 -- Global crude oil prices could ease to an average of USD 77 per barrel in the fourth quarter of 2027 as oil supplies recover and global inventories rebuild, the US Energy Information Administration (EIA) has projected, while warning that continued disruptions to shipping routes could keep prices volatile.

In its November 2026 Short-Term Energy Outlook, the EIA expects Brent crude prices to remain around USD 100 per barrel during November and December this year, before falling below USD 90 per barrel in the second quarter of 2027 as production in the Middle East gradually recovers.

"As depleted global oil inventories build throughout next year, we forecast the Brent spot price will gradually fall to an average of $7...