Visit MarketVector For a slightly different take on all of these forecasts: MarketVector.com Forecasts
July 7th, 2016
FFC is forecasting the price of crude oil to be $49.70/bbl for July 2016, up from an average price of $48.76/bbl in June 2016. The price of crude oil (WTI) will peak this month before turning down due to falling northern hemisphere seasonal demand.
The forecast below breaks down the predicted average price of crude oil by month.
Updated Jul 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 Crude Oil Prices and similar economic series is available by subscriptionClick here to subscribe to FFC's Extended Forecasts.
|July 22, 2016 (Close of Day)|
|US GDP Growth, %||2.09|
|US Inflation Rate, %||1.01|
|US Unemployment Rate, %||4.9|
|Gold Price, $/oz||1,320.75|
|WTI Oil Price, $/bbl||44.19|
|US 10 Yr Treasury, %||1.57|