"Following some initial upward price pressure in early 2025, we expect that crude-oil prices will generally decline from mid-2025 through the end of 2026 as growth in global oil production outpaces growth in oil demand," the EIA said Tuesday in its Short Term Energy Outlook.

The Energy Information Administration released a report on Wednesday showing crude oil inventories in the U.S. fell by more than

Commercial crude stockpiles in the US posted a bigger draw than projected last week, government data showed Wednesday, while oil prices rallied as markets evaluated two other oil market reports. Inventories of crude,

Oil futures pared some of their early gains on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for an eighth week in