
EIA
EIA forecasts oil below $60 in Q4 2025 — first quarter with average prices that low since 2020
WASHINGTON D.C. — The U.S. Energy Information Administration (EIA) projects Brent crude prices to dip below $60 per barrel in the final quarter of 2025—and average near $50 per barrel through 2026. These are levels not seen since the pandemic-driven lows of 2020. Behind the fall: global oil