In its July Short-Term Energy Outlook, the US Energy Information Administration forecasts Brent crude oil spot prices will average $73/bbl in the second half of 2018 and will average $69/bbl in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average $6/bbl lower than Brent prices in the second half of 2018 and $7/bbl lower in 2019.

Source: News