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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 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

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 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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