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WTI Crude Oil Price Forecast

Chart of WTI Crude Oil Prices

Chart of Historical Crude Oil Prices with Forecast

Chart of WTI Crude Oil Prices.  US Dollars per BBL. Includes Predicted Values.

WTI Crude Oil Predicted Values

Light Sweet Crude Oil Prices. USD/bbl. Average of Month.

Month Date Forecast Value Avg Error
0 Jul 2019 57.36 ±0.00
1 Aug 2019 53.6 ±2.7
2 Sep 2019 56.9 ±3.6
3 Oct 2019 57.2 ±4.1
4 Nov 2019 52.1 ±4.5
5 Dec 2019 50.5 ±4.8
6 Jan 2020 48.6 ±5.0

Get The Rest of The Story With The Long Range Forecast

WTI Crude Oil Data

U.S. Dollars per standard 42 gallon barrel.

Date Historical Value
Jul 2014 103.59
Aug 2014 96.54
Sep 2014 93.23
Oct 2014 84.40
Nov 2014 75.79
Dec 2014 59.29
Jan 2015 47.22
Feb 2015 50.58
Mar 2015 47.83
Apr 2015 54.45
May 2015 59.25
Jun 2015 59.82
Jul 2015 50.90
Aug 2015 42.87
Sep 2015 45.48
Oct 2015 46.22
Nov 2015 42.39
Dec 2015 37.19
Jan 2016 31.68
Feb 2016 30.32
Mar 2016 37.55
Apr 2016 40.75
May 2016 46.71
Jun 2016 48.76
Jul 2016 44.65
Aug 2016 44.72
Sep 2016 45.18
Oct 2016 49.78
Nov 2016 45.66
Dec 2016 51.97
Jan 2017 52.50
Feb 2017 53.47
Mar 2017 49.33
Apr 2017 50.95
May 2017 48.49
Jun 2017 45.18
Jul 2017 46.63
Aug 2017 48.04
Sep 2017 49.82
Oct 2017 51.58
Nov 2017 56.64
Dec 2017 57.88
Jan 2018 63.70
Feb 2018 62.23
Mar 2018 62.72
Apr 2018 66.25
May 2018 69.98
Jun 2018 67.87
Jul 2018 70.93
Aug 2018 68.06
Sep 2018 70.23
Oct 2018 70.75
Nov 2018 56.96
Dec 2018 49.52
Jan 2019 51.38
Feb 2019 54.95
Mar 2019 58.15
Apr 2019 63.86
May 2019 60.83
Jun 2019 54.66
Jul 2019 57.36

How This Forecast is Produced

FFC's forecast of crude oil prices is based on prior values of WTI crude oil and various other factors, such as currency exchange rates, interest rates, global oil production, global oil consumption, and other commodity prices. Please see our methodology page for a better understanding of how this forecast is created.

Other Commodity 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
August 20, 2019
Indicator Value
S&P 500 2900.51
U.S. GDP Growth, % 2.29
U.S. Inflation Rate, % 1.81
Gold Price, $/oz t 1507.20
Crude Oil Futures, $/bbl 56.18
U.S. 10 Year Treasury, % 1.55