The U.S. Energy Information Administration on Wednesday lowered its 2019 and 2020 price forecasts on West Texas Intermediate and Brent crude oil prices in its monthly energy outlook report released Tuesday. The government agency forecast an average WTI price of $56.31 a barrel for this year, down 2.7% from the forecast issued in August. For 2020, it forecast $56.50, down 5% from the previous forecast. The EIA also cut its average Brent forecast by 2.7% to $63.39 this year, and by 4.6% to $62 next year. The EIA lowered the domestic crude output forecast by 0.2% to 12.24 million barrels a day this year. It sees average 2020 output at 13.23 million barrels a day, down 0.2%. October WTI crude CLV19, +0.16% was down 18 cents, or 0.3%, at $57.67 a barrel. November Brent uk:lcox19 fell 5 cents, or 0.08%, to $62.54.