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Posted December 9, 2016Today in Energy

Recent OPEC agreement reflected in EIA forecast issued earlier this week ›

In EIA’s December Short-Term Energy Outlook (STEO), both the West Texas Intermediate (WTI) and Brent crude oil 2017 price forecasts increased by about $1 per barrel (b) from the November STEO, with prices expected to average $51/b and $52/b, respectively. More


Source: EIA, Short-Term Energy Outlook, December 2016

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Data Highlights

WTI crude oil futures price

12/8/2016: $50.84/barrels

down$0.22 from week earlier
up$13.68 from year earlier

Natural gas futures price

12/8/2016: $3.695/MMBtu

up$0.190 from week earlier
up$1.633 from year earlier

Weekly coal production

12/3/2016: 16.317 million tons

up1.127 million tons from week earlier
up0.183 million tons from year earlier

Natural gas inventories

12/2/2016: 3,953 Bcf

down42 Bcf from week earlier
up51 Bcf from year earlier

Crude oil inventories

12/2/2016: 485.8 million barrels

down2.4 million barrels from week earlier
up32.2 million barrels from year earlier

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