Baku, December 9, AZERTAC The US Energy Information Administration (EIA) revised up global crude oil prices for 2020 and 2021, the EIA announced Wednesday in its Short-Term Energy Outlook (STEO) for December, according to Anadolu Agency.  International benchmark Brent crude is estimated to average $41.43 in 2020 recording a 2.1% increase compared to the agency's forecast last month.The EIA also revised up its Brent oil price forecast by 4.2% to $48.53 for 2021."The forecast for higher crude oil prices next year reflects EIA’s expectation that while inventories will remain high, they will decline with rising global oil demand and restrained OPEC+ oil production."American benchmark West Texas Intermediate (WTI) is expected to average $38.96 for this year and $45.78 next year, the EIA said.It indicated that the revisions reflected heightened levels of uncertainty because responses to COVID-19 are still evolving."Reduced economic activity related to the COVID-19 pandemic has caused changes in energy demand and supply patterns in 2020 and will continue to affect these patterns in the future," the Administration said.