Nymex’s crude oil rose 0.9% to US$30.75 per barrel in Asian trading this morning, while the US Energy Information Administration (EIA) forecast brent crude oil prices at an average of $40 per barrel in 2016 and $50 barrel in 2017. Forecast West Texas Intermediate (WTI) crude oil prices average on $2 per barrel, lower than brent in 2016 and $3 per barrel lower in 2017.To subscribe please click here