Mumbai, Dec. 10 -- Energy Information Administration or EIA stated in a latest monthly update that the Brent crude oil spot price averaged $64 per barrel (b) in November, which is $11/b lower than in November 2024. Crude oil prices continue to fall as growing crude oil production outweighs the effect of increased drone attacks on Russia's oil infrastructure, and the latest sanctions on Russia's oil sector. EIA forecast that growing global oil production and lower demand over the winter will accelerate the accumulation of oil inventories, resulting in further crude oil price declines in the coming months. It also forecast that the Brent price will drop to an average of $55/b in the first quarter of 2026 (1Q26) and will stay near that price f...