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WTI Crude Oil Price Forecast for 2015

June 6, 2015


FFC is forecasting the price of WTI crude oil to be $60.50/bbl for June 2015, up from an average price of $59.25/bbl in May 2015.  Expect the price of crude oil to trend up to $61 or over through the summer months with increasing demand.

Increased demand over the next 3 months will be driven by the typical seasonal demand plus increasing travel due to lower gasoline and diesel prices.

Once past August, crude oil prices may take another leg down due to increasing 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 May 2015 59.25 +/-0.0 +/-0.0
1 Jun 2015 60.5 +/-1.9 +/-3.6
2 Jul 2015 61.2 +/-2.4 +/-4.5
3 Aug 2015 55.7 +/-2.7 +/-5.2
4 Sep 2015 52.4 +/-3.0 +/-5.7
5 Oct 2015 48.7 +/-3.2 +/-6.1
6 Nov 2015 45.7 +/-3.4 +/-6.5
Updated Saturday, June 06, 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

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Current Economic Indicators

July 02, 2015 (Close of Day)

Indicator

Value

S&P 500 2,076.78
US GDP Growth, % 2.88
US Inflation Rate, % -0.04
US Unemployment Rate, % 5.3
Gold Price, $/oz 1,165.25
WTI Oil Price, $/bbl 56.93
US 10 Yr Treasury, % 2.40

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