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Current Issues & Trends

Recent Data

Price summary
  2019 2020 2021 2022
WTI Crude Oila
dollars per barrel
56.99 39.17 68.48 68.24
Brent Crude Oil
dollars per barrel
64.34 41.69 71.38 71.91
 
Primary Assumptions (percent change from prior year)
World Real Gross Domestic Product 2.8 -3.3 5.9 4.8
Real U.S. Dollar Exchange Rateb 3.3 1.9 -4.2 0.6
aWest Texas Intermediate.
Note: Italics indicate forecast.
Source: Short-Term Energy Outlook
bForeign currency per U.S. dollar.