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■ According to BlockBeats, on May 13, the U.S. Energy Information Administration released its Short-Term Energy Outlook.
The report noted that Brent crude oil spot prices surged sharply in April due to the effective closure of the Strait of Hormuz, which tightened global oil supply. Brent crude reached a peak of $138 per barrel on April 7, with an average price of $117 per barrel for the month.
Global oil inventories are projected to decline by an average of 8.5 million barrels per day in Q2 2026, keeping Brent prices around $106 per barrel in May and June.
With increasing oil production in the Middle East, the report expects crude prices to gradually fall, averaging about $89 per barrel in Q4 2026 and around $79 per barrel in 2027.
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