Crude Oil Price Forecast
West Texas Intermediate Spot Price. USD/bbl. Average of Month.
| Month | Date | Forecast Value |
50% Correct +/- |
80% Correct +/- |
| 0 | Nov 2009 | 78.1 | 0 | 0 |
| 1 | Dec 2009 | 74 | 6 | 13 |
| 2 | Jan 2010 | 85 | 7 | 16 |
| 3 | Feb 2010 | 92 | 8 | 18 |
| 4 | Mar 2010 | 104 | 9 | 20 |
| 5 | Apr 2010 | 110 | 9 | 21 |
| 6 | May 2010 | 110 | 10 | 22 |
| 7 | Jun 2010 | 107 | 10 | 23 |
| 8 | Jul 2010 | 103 | 11 | 24 |
Updated Friday, December 18, 2009
Crude Oil Prices
Past Trend Present Value & Future Projection
West Texas Intermediate. US Dollars per barrel.
Analysts expect crude oil futures to trade around $75 to $80 during the early months of 2010 and may go above $90 later in the year as the global economy recovers from the worst economic slump since the Great Depression.
These prices give plenty of comfort to producers. Opec, the producers’ cartel, has said $75 a barrel is its target, while even deep-water specialists such as BP, Shell and Petrobras can continue drilling in expensive offshore regions at a much lower price.
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