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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 Sep 2022 84.17 ±0.00
1 Oct 2022 73.8 ±2.7
2 Nov 2022 68.4 ±3.6
3 Dec 2022 63.6 ±4.1
4 Jan 2023 59.2 ±4.5
5 Feb 2023 57.1 ±4.8
6 Mar 2023 59.8 ±5.0
7 Apr 2023 62.6 ±5.2
8 May 2023 65.4 ±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
September 30, 2022
Indicator Value
S&P 500 3585.62
U.S. GDP Growth, YoY % 1.80
U.S. Inflation Rate, % 8.26
Gold Price, $/oz-t 1661.10
Crude Oil Futures, $/bbl 79.74
U.S. 10 Year Treasury, % 3.83

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