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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 Jan 2024 74.15 ±0.00
1 Feb 2024 76.7 ±2.7
2 Mar 2024 75.4 ±3.6
3 Apr 2024 68.0 ±4.1
4 May 2024 65.2 ±4.5
5 Jun 2024 67.2 ±4.8
6 Jul 2024 69.1 ±5.0
7 Aug 2024 73.5 ±5.2
8 Sep 2024 74.3 ±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
February 22, 2024
Indicator Value
S&P 500 5087.03
U.S. GDP Growth, YoY % 3.11
U.S. Inflation Rate, % 3.09
Gold Price, $/oz-t 2024.36
Crude Oil Futures, $/bbl 78.61
U.S. 10 Year Treasury, % 4.33

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