Oil prices rise after ship attacks, US-Iran talks deadlock
XLE•EIA sees disruptions persisting through 2027
For longer-term supply, the EIA expected significant disruptions to Middle East crude supplies to persist through the end of 2027. The EIA said it expects 2026 Brent crude oil prices to average $86.81 a barrel, and WTI to average $80.88.
Oil prices rise on ship attacks and stalled talks
Oil prices rose in volatile trade on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies and as talks to end the Iran war hit an impasse.
Brent futures LCOc1 were up 17 cents, or 0.2%, at $89.08 a barrel by 1055 GMT, heading for a sixth day of gains. U.S. West Texas Intermediate (WTI) crude CLc1 rose 20 cents, or 0.2%, to $83.40, heading for a fifth daily gain.
Both contracts earlier rose more than $1 before dipping briefly as focus turned to U.S. crude stockpile data which industry sources indicated might have swelled.
