(EnergyAsia, March 25 2015, Wednesday) — Swimming against a new wave of bearish calls based on rising oil stockpiles, the US Energy Information Administration (EIA) has largely kept its latest forecast for Brent and WTI crude prices for this and next year.

The agency expects the 2015 Brent crude price to average US$59 a barrel, up $2 from its February forecast, while US WTI is seen to trade at US$52, down from $55. For 2016, Brent is expected to cost an average US$75 a barrel, down US$1 from the previous month’s forecast, while WTI is seen rising US$1 to US$71.

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