Oil, gasoline prices to pare gains but remain high through 2022, 2023: EIA

Geopolitical uncertainty and the ongoing impact of the pandemic led to increased oil price volatility and contributed to a more than $4/b rise in the US Energy Information Administration’s 2022 oil price expectations, the agency said June 7. The EIA in its June Short-Term Energy Outlook now sees WTI averaging $102.47/b in 2022, up $4.27/b from its prior estimate in…