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WTI Crude Oil Price Forecast for 2015

August 6, 2015


FFC is forecasting the price of WTI crude oil to be $46.30/bbl for August 2015, down from an average price of $50.90/bbl in July 2015.  The projected trend over the next six months is down.  Crude oil continues to sell off along with other commodities such as gold and industrial metals.

Once past August, crude oil prices may continue down due to relatively high oil production, slowing global oil demand, and falling seasonal 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 Jul 2015 50.90 +/-0.0 +/-0.0
1 Aug 2015 46.3 +/-1.9 +/-3.2
2 Sep 2015 45.7 +/-2.4 +/-4.1
3 Oct 2015 45.2 +/-2.7 +/-4.6
4 Nov 2015 41.7 +/-3.0 +/-5.1
5 Dec 2015 38.2 +/-3.2 +/-5.5
6 Jan 2016 35.3 +/-3.4 +/-5.8
Updated Thursday, August 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

Other Crude Oil Price Links of Interest:

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Current Economic Indicators

September 02, 2015 (Close of Day)

Indicator

Value

S&P 500 1,948.86
US GDP Growth, % 2.66
US Inflation Rate, % 0.17
US Unemployment Rate, % 5.3
Gold Price, $/oz 1,137.75
WTI Oil Price, $/bbl 46.05
US 10 Yr Treasury, % 2.20

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