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Crude Oil Price Forecast (WTI)


Below is a forecast of WTI crude oil prices, broken down by month. This forecast is produced based on prior values of Brent and WTI crude oil prices along with other factors such as commodity prices, interest rates, currency exchange rates, and economic indicators. To learn more about how this forecast is produced, please see our methodology page.

Crude Oil Price Forecast Values by Month

Crude Oil (Light Sweet) Prices. USD/bbl. Average of Month.

Month Date Forecast Value Avg Error
0 Nov 2022 84.38 ±0.00
1 Dec 2022 80.4 ±2.7
2 Jan 2023 74.1 ±3.6
3 Feb 2023 67.2 ±4.1
4 Mar 2023 63.8 ±4.5
5 Apr 2023 63.1 ±4.8
6 May 2023 65.4 ±5.0
7 Jun 2023 73.5 ±5.2
8 Jul 2023 76.2 ±5.4

Download Historical Data

Get the Rest of the Story with the 5 Year Forecast!

Chart of Crude Oil Prices with Forecast

US Dollars per BBL. Includes Predicted Values.

Crude Oil Price Trend Chart with Forecast

Other Crude Oil Price Resources

FFC's Long Range Crude Oil Price Forecast

A 5 year forecast for WTI crude oil prices and similar economic series are available by subscription.  Click here for more information about FFC's Extended Forecasts.

Current Economic Indicators
December 06, 2022
Indicator Value
S&P 500 3941.26
U.S. GDP Growth, YoY % 1.86
U.S. Inflation Rate, % 7.75
Gold Price, $/oz-t 1770.79
Crude Oil Futures, $/bbl 74.25
U.S. 10 Year Treasury, % 3.51

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