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 | Apr 2024 | 85.31 | ±0.00 |
1 | May 2024 | 83.9 | ±2.7 |
2 | Jun 2024 | 86.1 | ±3.6 |
3 | Jul 2024 | 88.6 | ±4.1 |
4 | Aug 2024 | 94.1 | ±4.5 |
5 | Sep 2024 | 91.0 | ±4.8 |
6 | Oct 2024 | 88.4 | ±5.0 |
7 | Nov 2024 | 88.9 | ±5.2 |
8 | Dec 2024 | 86.2 | ±5.4 |
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FFC's Long Range Crude Oil Price Forecast
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May 07, 2024 | |
Indicator | Value |
---|---|
S&P 500 | 5187.70 |
U.S. GDP Growth, YoY % | 2.97 |
U.S. Inflation Rate, % | 3.48 |
Gold Price, $/oz-t | 2314.02 |
Crude Oil Futures, $/bbl | 78.23 |
U.S. 10 Year Treasury, % | 4.47 |
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