Oil price forecast for 2020, 2021, 2022 and 2023. Crude oil predictions and projections. Price trend by month. Detailed forecast table. Crude oil Brent price forecast for next months and years. The price is in US Dollar per 1 oil barrell. Brent crude oil prices will average $61.25 per barrel in 2020 and $67.53 per barrel in 2021 according to the most recent forecast from the US Energy Information Administration's (EIA) monthly Short-Term Energy Outlook. This is a decrease from an average of $64.36 per barrel in 2019 and reflects a downward revision of $3.58 per barrel for 2020 compared to the previous estimate. Worldwide crude oil prices will average $43.30 a barrel for 2020 and $55.36/b in 2021. That's according to the Short-term Energy Outlook by the U.S. Energy Information Administration. The price estimate plummeted from last month's prediction of $61/b. The COVID-19 coronavirus pandemic is expected to reduce global oil demand. "Should I invest in Crude Oil?" "Should I trade "CL" commodity today?" According to our Forecast System, Crude Oil is a very good long-term (1-year) investment*. "CL" commodity predictions are updated every 5 minutes with latest Crude Oil prices by smart technical market analysis. Q&A about "Crude Oil" exchange projections.
According to the EIA's latest crude oil price forecast, Brent crude oil prices are expected to average at $60/b in 2020, which is down from the average of $64/b in 2019. Giving its prediction for WTI crude oil prices in 2020, EIA forecasts WTI prices to average $5.50/b less than Brent prices in 2020. Crude oil - data, forecasts, historical chart - was last updated on March of 2020. Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil is expected to trade at 31.29 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. August’s increase, however, puts OPEC output further above the 2020 demand forecast. The report suggests there will be a 2020 supply surplus of 340,000 bpd if OPEC keeps pumping at August’s rate
By Irina Slav - Feb 19, 2020, 9:00 AM CST After on Friday OPEC slashed its oil demand outlook for this year by 230,000 bpd, the Energy Information Administration followed, revising its global oil According to the EIA's latest crude oil price forecast, Brent crude oil prices are expected to average at $60/b in 2020, which is down from the average of $64/b in 2019. Giving its prediction for WTI crude oil prices in 2020, EIA forecasts WTI prices to average $5.50/b less than Brent prices in 2020.
8 Dec 2019 Goldman Sachs raised its oil price forecasts for 2020, citing forecast for backwardation in 2020 although our long-term marginal cost forecast 7 Jan 2020 Curtailment has done its job to help Alberta oil prices and the latter half of 2020 should see Canada's oil and gas industry improve, according to
7 Jan 2020 Curtailment has done its job to help Alberta oil prices and the latter half of 2020 should see Canada's oil and gas industry improve, according to 8 Jan 2020 Crude oil prices have been very volatile for the past three-four price for longer term, Gupta said: “For Q1, 2020, our initial forecasts were 10 Dec 2019 Goldman kept its long-term target on oil prices almost unchanged. Notably, the “ OPEC+” decision for a deeper output cut is only up to March 2020 9 Mar 2016 But, they're still under a long-term bearish trend. The US dollar and slowing US crude oil production have been swinging crude oil prices. 12 Feb 2019 In its most recent Short-Term Energy Outlook, the US Energy Information Administration forecasts Brent and West Texas Intermediate crude oil 25 Nov 2019 Oil markets will endure another soft year in 2020 as demand growth is of stockbuilds should imply prices moving lower in 2020 and longer 3 Dec 2019 We look at where oil prices are heading in 2020 and beyond with the pricing of the long-awaited flotation of state oil company Saudi Aramco.