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#investing

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"Global oil prices. We expect rising global #oil inventories will drive crude oil prices lower over the forecast period. The Brent crude oil spot price fell for the fourth consecutive month in May, averaging $64 per barrel (b), down $4/b from April. We forecast that the Brent price will fall to an average of $61/b by the end of this year and average $59/b in 2026."
eia.gov/petroleum/
#CNBC
#inflation
#recession
#tarifs
#premarket
#investing

www.eia.govPetroleum & Other Liquids - U.S. Energy Information Administration (EIA)