The US Ministry of Energy lowered the forecast for the average price of "Brent" benchmark oil in 2022 from $102.13 to $101.48.

According to APA-Economics, referring to the Energy Information Administration (EIA) report of the US Department of Energy, the price of oil in 2023 may reach $92.36, which is $2.97 less than the November forecast.

According to the report, the average price of a barrel of WTI crude oil is likely to be at the level of 95.22 dollars in 2022 (previous forecast – 95.88 dollars) and 86.36 dollars in 2023 (previous forecast – 89.33 dollars) is being

It is noted that last year the average price of "Brent" standard oil was 70.89 dollars, and the price of WTI oil was 68.21 dollars.