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Crude Oil Price Forecast

June 4th, 2016

FFC is forecasting the price of crude oil to be $48.60/bbl for June 2016, up from an average price of $46.71/bbl in May 2016.  The price of crude oil (WTI) will level out over the next 2 months before turning down due to seasonal demand.

The forecast below breaks down the predicted price of crude oil by month.

Crude Oil Price Forecast Values

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

Month Date Forecast Value Error
0 May 2016 46.71 ±0.0
1 Jun 2016 48.6 ±1.9
2 Jul 2016 50.2 ±2.4
3 Aug 2016 44.6 ±2.7
4 Sep 2016 44.0 ±3.0
5 Oct 2016 42.0 ±3.2
6 Nov 2016 40.0 ±3.4

Updated Jun 2016

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Crude Oil Price Chart with Current Prediction

West Texas Intermediate.  US Dollars per barrel.

Chart of Crude Oil Prices with Forecast

Did you know?  BBL stands for blue barrel, a standard 42 gallon oil barrel set by Standard Oil Company, the predecessor of Exxon.

Other Commodity Price Links of Interest:

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Current Economic Indicators
June 30, 2016 (Close of Day)
Indicator Value
S&P 500 2,098.86
US GDP Growth, % 2.09
US Inflation Rate, % 1.02
US Unemployment Rate, % 4.7
Gold Price, $/oz 1,320.75
WTI Oil Price, $/bbl 2.90
US 10 Yr Treasury, % 1.49