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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

Download Historical Data

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.

Crude Oil Price Trend Chart with Forecast

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.

Current Economic Indicators
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

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