Prices for both light, sweet crude and Brent crude were up Sept. 12 on renewed concerns of a consumption and production imbalance. In its September Short-Term Energy Outlook, the US Energy Information Administration forecasts Brent crude prices to average $74/bbl and West Texas Intermediate prices to average more than $67/bbl in 2019. Both forecasts are $3/bbl higher than those from the August STEO.

Source: News