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The EIA Lowers 2016 Crude Oil Forecast

The EIA lowered its crude oil price forecast in the Short-term Energy Outlook (STEO), expecting West Texas Intermediate (WTI) crude oil prices to average US$49 per barrel in 2015 and US$54 per barrel in 2016. The forecast for 2016 is US$8 per barrel lower than previously forecast in July.

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