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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 Jul 2022 101.62 ±0.00
1 Aug 2022 94.2 ±2.7
2 Sep 2022 95.5 ±3.6
3 Oct 2022 86.7 ±4.1
4 Nov 2022 76.6 ±4.5
5 Dec 2022 72.4 ±4.8
6 Jan 2023 69.7 ±5.0
7 Feb 2023 71.5 ±5.2
8 Mar 2023 73.8 ±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
August 11, 2022
Indicator Value
S&P 500 4207.27
U.S. GDP Growth, YoY % 1.62
U.S. Inflation Rate, % 8.52
Gold Price, $/oz-t 1790.00
Crude Oil Futures, $/bbl 93.99
U.S. 10 Year Treasury, % 2.87

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