EIA expects Brent crude near $100 a barrel for the rest of this year

The EIA said: "we expect the Brent crude oil spot price will remain near $100 per barrel (b) for the remainder of this year." It forecast Brent "will gradually fall to an average of $77/b in the fourth quarter of 2027." It said U.S. commercial crude oil inventories "fell to 410 million barrels at the end of October, the lowest end-of-October level since 2014."