Crude Oil Price Forecast (WTI)
Below is a forecast of light, sweet crude oil prices that is based on prior values of both WTI and Brent crude oil prices, global oil production and consumption, crude oil inventories, currency exchange rates, and other commodity prices. 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 | Jun 2021 | 71.37 | ±0.00 |
| 1 | Jul 2021 | 74.1 | ±2.7 |
| 2 | Aug 2021 | 72.4 | ±3.6 |
| 3 | Sep 2021 | 66.0 | ±4.1 |
| 4 | Oct 2021 | 62.9 | ±4.5 |
| 5 | Nov 2021 | 56.2 | ±4.8 |
| 6 | Dec 2021 | 51.2 | ±5.0 |
| 7 | Jan 2022 | 45.2 | ±5.2 |
| 8 | Feb 2022 | 52.4 | ±5.4 |
Get the rest of the story with the long range forecast!
Chart of Crude Oil Prices with Forecast
US Dollars per BBL. Includes Predicted Values.
Other Crude Oil Price Resources
FFC's Long Range Crude Oil Price Forecast
A long range prediction for WTI crude oil prices and similar economic series is available by subscription. Click here for more information about FFC's Extended Forecasts.
| July 23, 2021 | |
| Indicator | Value |
|---|---|
| S&P 500 | 4411.79 |
| U.S. GDP Growth, YoY % | 0.40 |
| U.S. Inflation Rate, % | 5.39 |
| Gold Price, $/oz-t | 1802.20 |
| Crude Oil Futures, $/bbl | 72.17 |
| U.S. 10 Year Treasury, % | 1.30 |