WTI Crude Oil Price Forecast
Crude Oil Price Forecast Monthly Values
Light Sweet Crude. USD/bbl. Average of Month.
| Month | Date | Forecast Value | Avg Error |
|---|---|---|---|
| 0 | Jul 2018 | 70.93 | ±0.00 |
| 1 | Aug 2018 | 65.9 | ±1.9 |
| 2 | Sep 2018 | 71.5 | ±3.8 |
| 3 | Oct 2018 | 72.3 | ±5.0 |
| 4 | Nov 2018 | 70.2 | ±5.8 |
| 5 | Dec 2018 | 67.0 | ±6.4 |
| 6 | Jan 2019 | 66.2 | ±6.9 |
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Chart of Crude Oil Prices with Forecast
Light Sweet Crude. US Dollars per BBL.
Did you know? BBL stands for "blue barrel", a 42 gallon oil barrel standardized by Standard Oil Company, the predecessor of ExxonMobil.
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| August 14, 2018 | |
| Indicator | Value |
|---|---|
| S&P 500 | 2839.96 |
| U.S. GDP Growth, % | 2.85 |
| U.S. Inflation Rate, % | 2.95 |
| Gold Price, $/oz t | 1197.00 |
| Crude Oil Futures, $/bbl | 66.63 |
| U.S. 10 Year Treasury, % | 2.89 |
