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Crude Oil Price Forecast (WTI)


Below is a forecast of light, sweet crude oil prices that is based on prior values of both WTI and Brent crude oil prices, global oil production and consumption, crude oil inventories, currency exchange rates, and other commodity prices. To learn more about how this forecast is produced, please see our methodology page.

Crude Oil Price Forecast Values by Month

Crude Oil (Light Sweet) Prices. USD/bbl. Average of Month.

Month Date Forecast Value Avg Error
0 Nov 2021 79.13 ±0.00
1 Dec 2021 67.1 ±2.7
2 Jan 2022 64.8 ±3.6
3 Feb 2022 63.1 ±4.1
4 Mar 2022 62.0 ±4.5
5 Apr 2022 60.9 ±4.8
6 May 2022 55.7 ±5.0
7 Jun 2022 61.5 ±5.2
8 Jul 2022 62.8 ±5.4

Download Historical Data

Get the rest of the story with the long range forecast!

Chart of Crude Oil Prices with Forecast

US Dollars per BBL. Includes Predicted Values.

Crude Oil Price Trend Chart with Forecast

Other Crude Oil Price Resources

FFC's Long Range Crude Oil Price Forecast

A long range prediction for WTI crude oil prices and similar economic series is available by subscription.  Click here for more information about FFC's Extended Forecasts.

Current Economic Indicators
December 02, 2021
Indicator Value
S&P 500 4577.10
U.S. GDP Growth, YoY % 4.90
U.S. Inflation Rate, % 6.22
Gold Price, $/oz-t 1768.90
Crude Oil Futures, $/bbl 66.50
U.S. 10 Year Treasury, % 1.44

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