U.S. Cuts 2013 Oil Forecast to $91.92
This article is for subscribers only.
The U.S. Energy Information Administration reduced its crude-oil price and global consumption projections for 2013.
West Texas Intermediate oil will average $91.92 a barrel this year, down 1 percent from the February estimate of $92.81, the Energy Information Administration, the Energy Department’s statistical arm, said today in its monthly Short-Term Energy Outlook. The U.S. benchmark grade will average $92.17 in 2014, unchanged from the previous month’s estimate.