EIA lowers oil price forecast for third straight month amid oversupply worries

Brent to fall to $61 per barrel by end of 2025, agency says

A pump jack operates near a crude oil reserve in the Permian basin near Midland, Texas, US on 18 February 2025. — A pump jack operates near a crude oil reserve in the Permian basin near Midland, Texas, US on 18 February 2025.Photo: REUTERS/SCANPIX

Robert Stewart

North America Energy CorrespondentBaton Rouge

Published 10 June 2025, 17:03Updated 11 June 2025, 06:36

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