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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 2024 70.24 ±0.00
1 Oct 2024 70.0 ±2.7
2 Nov 2024 72.3 ±3.6
3 Dec 2024 68.4 ±4.1
4 Jan 2025 65.7 ±4.5
5 Feb 2025 61.1 ±4.8
6 Mar 2025 57.6 ±5.0
7 Apr 2025 56.5 ±5.2
8 May 2025 53.9 ±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
October 28, 2024
Indicator Value
S&P 500 5823.52
U.S. GDP Growth, YoY % 3.04
U.S. Inflation Rate, % 2.44
Gold Price, $/oz-t 2741.80
Crude Oil Futures, $/bbl 67.38
U.S. 10 Year Treasury, % 4.28

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