Crude Oil Price Forecast
Crude Oil Price Forecast Summary
The monthly WTI crude oil price forecast declines from $102.90 per barrel in November 2026 to $74.40 in June 2027, a decrease of approximately 27.7% across the forecast period.
Prices are projected to fall each month, reaching $91.30 in January 2027 and $76.40 in April 2027. June has the lowest projected monthly average in the published eight-month forecast.
See the monthly forecast and average error estimates, crude oil price trend chart, downloadable historical and forecast data and forecast methodology.
WTI (West Texas Intermediate) light sweet crude oil prices are expressed in U.S. dollars per barrel and represent monthly averages.
Crude Oil Price Forecast Values by Month
WTI light sweet crude oil. U.S. dollars per barrel. Monthly averages.
| Month | Date | Forecast Value | Avg Error |
|---|---|---|---|
| 1 | Nov 2026 | 102.90 | ±2.70 |
| 2 | Dec 2026 | 94.60 | ±3.60 |
| 3 | Jan 2027 | 91.30 | ±4.13 |
| 4 | Feb 2027 | 82.90 | ±4.50 |
| 5 | Mar 2027 | 79.40 | ±4.79 |
| 6 | Apr 2027 | 76.40 | ±5.03 |
| 7 | May 2027 | 75.30 | ±5.23 |
| 8 | Jun 2027 | 74.40 | ±5.40 |
Download Historical and Forecast Data
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Chart of Crude Oil Prices with Forecast
U.S. dollars per barrel. Includes historical and forecast monthly averages.
Related Crude Oil Price Forecasts and Data
| November 09, 2026 | |
| Indicator | Value |
|---|---|
| S&P 500 | 7549.94 |
| U.S. GDP Growth, YoY % | 2.07 |
| U.S. Inflation Rate, % | 3.74 |
| Gold Price, $/oz-t | 4138.40 |
| Crude Oil Futures, $/bbl | 87.07 |
| U.S. 10 Year Treasury, % | 4.88 |