Visit MarketVector For a slightly different take on all of these forecasts: MarketVector.com Forecasts
May 5th, 2016
FFC is forecasting the price of crude oil to be $44.30/bbl for May 2016, up from an average price of $40.76/bbl in April 2016. The price of crude oil (WTI) will cycle up over the next 3 months due to seasonal demand.
The forecast below breaks down the predicted price of crude oil by month.
Updated May 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 WTI Crude Oil Prices and similar economic series is available by subscriptionClick here to subscribe to FFC's Extended Forecasts.
|May 24, 2016 (Close of Day)|
|US GDP Growth, %||1.95|
|US Inflation Rate, %||1.13|
|US Unemployment Rate, %||5.0|
|Gold Price, $/oz||1,236.85|
|WTI Oil Price, $/bbl||48.62|
|US 10 Yr Treasury, %||1.86|