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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 Mar 2024 81.28 ±0.00
1 Apr 2024 82.5 ±2.7
2 May 2024 84.1 ±3.6
3 Jun 2024 85.3 ±4.1
4 Jul 2024 88.6 ±4.5
5 Aug 2024 94.1 ±4.8
6 Sep 2024 91.0 ±5.0
7 Oct 2024 88.4 ±5.2
8 Nov 2024 88.9 ±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
April 11, 2024
Indicator Value
S&P 500 5199.06
U.S. GDP Growth, YoY % 3.13
U.S. Inflation Rate, % 3.48
Gold Price, $/oz-t 2377.00
Crude Oil Futures, $/bbl 85.58
U.S. 10 Year Treasury, % 4.56

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