Crude Oil Price Forecast
Crude Oil Price Forecast Monthly Values
Light Sweet Crude. USD/bbl. Average of Month.
Published: June 2018
| Month | Date | Forecast Value | Avg Error |
|---|---|---|---|
| 0 | May 2018 | 69.98 | ±0.00 |
| 1 | Jun 2018 | 67.9 | ±2.3 |
| 2 | Jul 2018 | 70.3 | ±3.2 |
| 3 | Aug 2018 | 66.4 | ±3.7 |
| 4 | Sep 2018 | 62.3 | ±4.1 |
| 5 | Oct 2018 | 59.0 | ±4.4 |
| 6 | Nov 2018 | 56.9 | ±4.6 |
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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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| June 21, 2018 | |
| Indicator | Value |
|---|---|
| S&P 500 | 2749.76 |
| U.S. GDP Growth, % | 2.82 |
| U.S. Inflation Rate, % | 2.80 |
| Gold Price, $/oz t | 1266.15 |
| Crude Oil Futures, $/bbl | 65.80 |
| U.S. 10 Year Treasury, % | 2.90 |
