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WTI Crude Oil Price Forecast for 2015

July 23, 2015


FFC is forecasting the price of WTI crude oil to be $52.50/bbl for July 2015, down from an average price of $59.82/bbl in June 2015.  The projected trend over the next six months is down.  Currently, crude oil is selling off along with other commodities.

Once past August, crude oil prices may take another leg down due to relatively high oil production and slowing global oil demand.

The forecast below breaks down predicted crude oil prices by month.

WTI Crude Oil Price Forecast Values

West Texas Intermediate. USD/bbl. Average of Month.

Month Date Forecast
Value
50%
Correct +/-
80%
Correct +/-
0 Jun 2015 59.82 +/-0.0 +/-0.0
1 Jul 2015 52.5 +/-1.9 +/-3.2
2 Aug 2015 47.7 +/-2.4 +/-4.1
3 Sep 2015 43.6 +/-2.7 +/-4.6
4 Oct 2015 42.1 +/-3.0 +/-5.1
5 Nov 2015 42.7 +/-3.2 +/-5.5
6 Dec 2015 45.5 +/-3.4 +/-5.8
Updated Thursday, July 23, 2015

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WTI Crude Oil Price Prediction

Chart of Crude Oil Prices with Current Projection

West Texas Intermediate. US Dollars per barrel.

Chart of Crude Oil Prices with Forecast

Other Crude Oil Price Links of Interest:

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Current Economic Indicators

July 27, 2015 (Close of Day)

Indicator

Value

S&P 500 2,067.64
US GDP Growth, % 2.88
US Inflation Rate, % 0.12
US Unemployment Rate, % 5.3
Gold Price, $/oz 1,100.00
WTI Oil Price, $/bbl 47.39
US 10 Yr Treasury, % 2.23