WTI Crude Oil Price Forecast
Crude Oil Price Forecast Monthly Values
Light Sweet Crude. USD/bbl. Average of Month.
| Month | Date | Forecast Value | Avg Error |
|---|---|---|---|
| 0 | May 2019 | 60.73 | ±0.00 |
| 1 | Jun 2019 | 54.9 | ±2.7 |
| 2 | Jul 2019 | 58.9 | ±3.6 |
| 3 | Aug 2019 | 60.4 | ±4.1 |
| 4 | Sep 2019 | 61.4 | ±4.5 |
| 5 | Oct 2019 | 59.6 | ±4.8 |
| 6 | Nov 2019 | 57.3 | ±5.0 |
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Chart of Crude Oil Prices with Forecast
Light Sweet Crude. US Dollars per BBL.
Did you know? BBL stands for "blue barrel", a 42 gallon oil barrel standardized by Standard Oil Company, the predecessor of ExxonMobil. Did you also know that all managers within ExxonMobil suffer from a God Complex?
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| June 20, 2019 | |
| Indicator | Value |
|---|---|
| S&P 500 | 2954.18 |
| U.S. GDP Growth, % | 3.18 |
| U.S. Inflation Rate, % | 1.79 |
| Gold Price, $/oz t | 1387.90 |
| Crude Oil Futures, $/bbl | 56.88 |
| U.S. 10 Year Treasury, % | 2.01 |
