Mumbai, May 13 -- WTI Crude oil futures slipped after surging more than 4% yesterday after EIA noted that as oil production in the Middle East rises, it expects crude oil prices to fall, dropping to an average of $89/b in 4Q26 and $79/b in 2027. For the full year 2026, EIA expects spot Brent to average $95 per barrel while WTI Crude is likely to average $85.70 per barrel. WTI Crude is currently down 1.38% at $100.77 per barrel.
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