The Financial Forecast Center™
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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.
Month | Date | Forecast Value | Avg Error |
---|---|---|---|
0 | Dec 2022 | 76.44 | ±0.00 |
1 | Jan 2023 | 78.4 | ±2.7 |
2 | Feb 2023 | 74.5 | ±3.6 |
3 | Mar 2023 | 68.6 | ±4.1 |
4 | Apr 2023 | 67.8 | ±4.5 |
5 | May 2023 | 68.9 | ±4.8 |
6 | Jun 2023 | 72.4 | ±5.0 |
7 | Jul 2023 | 76.2 | ±5.2 |
8 | Aug 2023 | 77.4 | ±5.4 |
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FFC's Long Range Crude Oil Price Forecast
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January 26, 2023 | |
Indicator | Value |
---|---|
S&P 500 | 4060.43 |
U.S. GDP Growth, YoY % | 0.96 |
U.S. Inflation Rate, % | 6.45 |
Gold Price, $/oz-t | 1928.80 |
Crude Oil Futures, $/bbl | 81.01 |
U.S. 10 Year Treasury, % | 3.49 |
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