EIA cuts price expectations for US and cloth oil this year and next

May 7 news, EIA short-term energy outlook report: WTI crude oil is expected to average $61.81/barrel and $55.24/barrel this year and next, respectively, after $63.88/barrel and $57.48/barrel. Brent crude oil is expected to average $65.85/barrel and $59.24/barrel this year and next, respectively, after $67.87/barrel and $61.48/barrel.