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Crude Oil Price Forecast

April 6, 2016

FFC is forecasting the price of crude oil to be $39.70/bbl for April 2016, up from an average price of $37.55/bbl in March 2016.  The price of crude oil (WTI) will cycle up over the next 3-4 months 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 Mar 2016 37.55 ±0.0
1 Apr 2016 39.7 ±1.9
2 May 2016 44.3 ±2.4
3 Jun 2016 45.0 ±2.7
4 Jul 2016 45.0 ±3.0
5 Aug 2016 44.6 ±3.2
6 Sep 2016 44.0 ±3.4

Updated Apr 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

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Current Economic Indicators
April 29, 2016 (Close of Day)
Indicator Value
S&P 500 2,065.30
US GDP Growth, % 1.95
US Inflation Rate, % 0.85
US Unemployment Rate, % 5.0
Gold Price, $/oz 1,285.65
WTI Oil Price, $/bbl 45.92
US 10 Yr Treasury, % 1.83