The Financial Forecast Center™
Since 1997
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 | Aug 2023 | 81.39 | ±0.00 |
1 | Sep 2023 | 89.9 | ±2.7 |
2 | Oct 2023 | 81.5 | ±3.6 |
3 | Nov 2023 | 72.5 | ±4.1 |
4 | Dec 2023 | 66.1 | ±4.5 |
5 | Jan 2024 | 60.3 | ±4.8 |
6 | Feb 2024 | 58.4 | ±5.0 |
7 | Mar 2024 | 62.5 | ±5.2 |
8 | Apr 2024 | 64.7 | ±5.4 |
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FFC's Long Range Crude Oil Price Forecast
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September 22, 2023 | |
Indicator | Value |
---|---|
S&P 500 | 4320.06 |
U.S. GDP Growth, YoY % | 2.47 |
U.S. Inflation Rate, % | 3.67 |
Gold Price, $/oz-t | 1927.35 |
Crude Oil Futures, $/bbl | 90.33 |
U.S. 10 Year Treasury, % | 4.44 |
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