EIA Sees Lower Brent Prices On Fading Geopolitical Risk

Barring a major lengthy supply disruption, Brent Crude prices will average US$62 a barrel in May, lower than the current price, as the geopolitical risk premium gradually decreases in the first half of 2020, the Energy Information Administration (EIA) said on Tuesday.    Brent Crude prices were at US$64.26 early on Tuesday, down by 1.44 percent on the day, while WTI Crude traded at US$57.89, down 1.18 percent, as the market largely shrugged off a major supply disruption in Libya, where port blockades have suspended nearly all of Libya’s…