The Financial Forecast Center™
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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.
Month | Date | Forecast Value | Avg Error |
---|---|---|---|
0 | Nov 2023 | 77.73 | ±0.00 |
1 | Dec 2023 | 73.0 | ±2.7 |
2 | Jan 2024 | 65.2 | ±3.6 |
3 | Feb 2024 | 60.3 | ±4.1 |
4 | Mar 2024 | 62.5 | ±4.5 |
5 | Apr 2024 | 64.7 | ±4.8 |
6 | May 2024 | 61.3 | ±5.0 |
7 | Jun 2024 | 67.2 | ±5.2 |
8 | Jul 2024 | 69.1 | ±5.4 |
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FFC's Long Range Crude Oil Price Forecast
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December 04, 2023 | |
Indicator | Value |
---|---|
S&P 500 | 4569.78 |
U.S. GDP Growth, YoY % | 3.00 |
U.S. Inflation Rate, % | 3.24 |
Gold Price, $/oz-t | 2028.85 |
Crude Oil Futures, $/bbl | 73.04 |
U.S. 10 Year Treasury, % | 4.28 |
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