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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 Feb 2024 77.25 ±0.00
1 Mar 2024 80.8 ±2.7
2 Apr 2024 74.7 ±3.6
3 May 2024 73.1 ±4.1
4 Jun 2024 68.3 ±4.5
5 Jul 2024 68.4 ±4.8
6 Aug 2024 72.2 ±5.0
7 Sep 2024 69.3 ±5.2
8 Oct 2024 66.7 ±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
March 18, 2024
Indicator Value
S&P 500 5149.42
U.S. GDP Growth, YoY % 3.09
U.S. Inflation Rate, % 3.15
Gold Price, $/oz-t 2160.32
Crude Oil Futures, $/bbl 82.72
U.S. 10 Year Treasury, % 4.34

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