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 | Nov 2018 | 56.99 | ±0.00 |
| 1 | Dec 2018 | 52.0 | ±2.7 |
| 2 | Jan 2019 | 53.9 | ±3.6 |
| 3 | Feb 2019 | 52.7 | ±4.1 |
| 4 | Mar 2019 | 53.2 | ±4.5 |
| 5 | Apr 2019 | 57.8 | ±4.8 |
| 6 | May 2019 | 60.9 | ±5.0 |
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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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| December 14, 2018 | |
| Indicator | Value |
|---|---|
| S&P 500 | 2599.95 |
| U.S. GDP Growth, % | 3.04 |
| U.S. Inflation Rate, % | 2.18 |
| Gold Price, $/oz t | 1242.75 |
| Crude Oil Futures, $/bbl | 51.23 |
| U.S. 10 Year Treasury, % | 2.89 |
