Visit MarketVector For a slightly different take on all of these forecasts: MarketVector.com Forecasts
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.
Updated Jun 2016
Did you know? BBL stands for blue barrel, a standard 42 gallon oil barrel set by Standard Oil Company, the predecessor of Exxon.
A long range forecast for Crude Oil Prices and similar economic series is available by subscriptionClick here to subscribe to FFC's Extended Forecasts.
|June 30, 2016 (Close of Day)|
|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|