Oil price stood at $76.28 per one barrel (WTI)
According to the latest long-term forecast, Oil price will hit $100 by the middle of 2022 and then $125 by the middle of 2031. Oil will rise to $150 within the year of 2033.
| Year | Mid-Year | Year-End | Tod/End,% |
| 2022 | $106.01 | $72.97 | -4% |
| 2023 | $59.19 | $50.56 | -34% |
| 2024 | $57.49 | $66.00 | -13% |
| 2025 | $75.90 | $67.70 | -11% |
| 2026 | $68.90 | $75.79 | -1% |
| 2027 | $82.61 | $89.37 | +17% |
| 2028 | $96.07 | $102.72 | +35% |
| 2029 | $102.85 | $109.02 | +43% |
| 2030 | $115.15 | $121.25 | +59% |
| 2031 | $127.31 | $129.64 | +70% |
| 2032 | $135.47 | $141.28 | +85% |
| 2033 | $147.06 | $152.81 | +100% |
| 2034 | $158.54 | $164.25 | +115% |
Oil Price Prediction 2022-2023
Oil price started in 2022 at $73.67. Today, Oil traded at $76.28, so the price increased by 4% from the beginning of the year. The forecasted Oil price at the end of 2022 is $72.97 - and the year to year change -1%. The fall from today to year-end: -4%. In the first half of 2023, the Oil price will drop to $59.19; in the second half, the price would lose $8.63 and close the year at $50.56, which is -34% to the current price.
The short-term forecast:
- Sunday, Nov 27 - $76.19
- Monday, Nov 28 - $76.09
- Tuesday, Nov 29 - $76.00
- Wednesday, Nov 30 - $75.90
- Thursday, Dec 1 - $75.81
- Friday, Dec 2 - $75.71
- Saturday, Dec 3 - $75.62
- Sunday, Dec 4 - $75.52
- December 15 - $74.48
- January 15 - $71.83
- February 15 - $69.47
- March 15 - $67.34
- April 15 - $64.98
- May 15 - $62.69
Oil Prediction 2024-2028
These five years would bring a significant increase: Oil price would move from $50.56 to $102.72, which is up 103%. Oil will start 2024 at $50.56, then soar to $57.49 within the first six months of the year and finish 2024 at $66.00. That means -13% from today.
Oil Prediction 2029-2033
In this period, the Oil price would rise from $102.72 to $152.81, which is +49%. Oil will start 2029 at $102.72, then soar to $102.85 within the first half of the year, and finish 2029 at $109.02. It is about +43% from today.
The forecast is updated on daily basis. The current price is updated every 15 minutes.
Historical Forecasts
11/01/2022
Oil Price Prediction 2022-2023Oil price started in 2022 at $73.67. Today, Oil traded at $87.10, so the price increased by 18% from the beginning of the year. The forecasted Oil price at the end of 2022 is $94.17 - and the year to year change +28%. The rise from today to year-end: +8%. In the first half of 2023, the Oil price will drop to $76.39; in the second half, the price would lose $11.13 and close the year at $65.26, which is -25% to the current price.
Oil Prediction 2024-2028These five years would bring a significant increase: Oil price would move from $65.26 to $132.56, which is up 103%. Oil will start 2024 at $65.26, then soar to $74.20 within the first six months of the year and finish 2024 at $85.18. That means -2% from today.
Oil Prediction 2029-2033In this period, the Oil price would rise from $132.56 to $197.20, which is +49%. Oil will start 2029 at $132.56, then soar to $132.73 within the first half of the year, and finish 2029 at $140.69. It is about +62% from today.
10/15/2022
Oil Price Prediction 2022-2023Oil price started in 2022 at $73.67. Today, Oil traded at $85.55, so the price increased by 16% from the beginning of the year. The forecasted Oil price at the end of 2022 is $74.45 - and the year to year change +1%. The fall from today to year-end: -13%. In the first half of 2023, the Oil price will drop to $62.40; in the second half, the price would add $1.14 and close the year at $63.54, which is -26% to the current price.
Oil Prediction 2024-2028These five years would bring an increase: Oil price would move from $63.54 to $106.91, which is up 68%. Oil will start 2024 at $63.54, then soar to $69.04 within the first six months of the year and finish 2024 at $81.47. That means -5% from today.
Oil Prediction 2029-2033In this period, the Oil price would rise from $106.91 to $169.07, which is +58%. Oil will start 2029 at $106.91, then soar to $113.78 within the first half of the year, and finish 2029 at $120.61. It is about +41% from today.
10/01/2022
Oil Price Prediction 2022-2023Oil price started in 2022 at $73.67. Today, Oil traded at $79.74, so the price increased by 8% from the beginning of the year. The forecasted Oil price at the end of 2022 is $64.68 - and the year to year change -12%. The fall from today to year-end: -19%. In the first half of 2023, the Oil price will drop to $54.21; in the second half, the price would add $0.99 and close the year at $55.20, which is -31% to the current price.
Oil Prediction 2024-2028These five years would bring an increase: Oil price would move from $55.20 to $92.88, which is up 68%. Oil will start 2024 at $55.20, then soar to $59.98 within the first six months of the year and finish 2024 at $70.78. That means -11% from today.
Oil Prediction 2029-2033In this period, the Oil price would rise from $92.88 to $146.90, which is +58%. Oil will start 2029 at $92.88, then soar to $98.85 within the first half of the year, and finish 2029 at $104.78. It is about +31% from today.
09/15/2022
Oil Price Prediction 2022-2023Oil price started in 2022 at $73.67. Today, Oil traded at $88.45, so the price increased by 20% from the beginning of the year. The forecasted Oil price at the end of 2022 is $68.40 - and the year to year change -7%. The fall from today to year-end: -23%. In the first half of 2023, the Oil price will drop to $58.43; in the second half, the price would add $8.01 and close the year at $66.44, which is -25% to the current price.
Oil Prediction 2024-2028These five years would bring an increase: Oil price would move from $66.44 to $125.83, which is up 89%. Oil will start 2024 at $66.44, then soar to $76.28 within the first six months of the year and finish 2024 at $90.01. That means +2% from today.
Oil Prediction 2029-2033In this period, the Oil price would rise from $125.83 to $198.51, which is +58%. Oil will start 2029 at $125.83, then soar to $133.92 within the first half of the year, and finish 2029 at $141.96. It is about +60% from today.
09/01/2022
Oil Price Prediction 2022-2023Oil price started in 2022 at $73.67. Today, Oil traded at $89.06, so the price increased by 21% from the beginning of the year. The forecasted Oil price at the end of 2022 is $68.77 - and the year to year change -7%. The fall from today to year-end: -23%. In the first half of 2023, the Oil price will drop to $58.75; in the second half, the price would add $8.05 and close the year at $66.80, which is -25% to the current price.
Oil Prediction 2024-2028These five years would bring an increase: Oil price would move from $66.80 to $126.50, which is up 89%. Oil will start 2024 at $66.80, then soar to $76.69 within the first six months of the year and finish 2024 at $90.49. That means +2% from today.
Oil Prediction 2029-2033In this period, the Oil price would rise from $126.50 to $199.54, which is +58%. Oil will start 2029 at $126.50, then soar to $134.63 within the first half of the year, and finish 2029 at $142.71. It is about +60% from today.
08/15/2022
Oil Price Prediction 2022-2023Oil price started in 2022 at $73.67. Today, Oil traded at $91.20, so the price increased by 24% from the beginning of the year. The forecasted Oil price at the end of 2022 is $82.80 - and the year to year change +12%. The fall from today to year-end: -9%. In the first half of 2023, the Oil price will climb to $84.31; in the second half, the price would add $7.29 and close the year at $91.60, which is 0% to the current price.
Oil Prediction 2024-2028These five years would bring an increase: Oil price would move from $91.60 to $165.39, which is up 81%. Oil will start 2024 at $91.60, then soar to $112.21 within the first six months of the year and finish 2024 at $99.33. That means +9% from today.
Oil Prediction 2029-2033In this period, the Oil price would rise from $165.39 to $260.93, which is +58%. Oil will start 2029 at $165.39, then soar to $176.02 within the first half of the year, and finish 2029 at $186.58. It is about +105% from today.
08/01/2022
Oil Price Prediction 2022-2023Oil price started in 2022 at $73.67. Today, Oil traded at $98.30, so the price increased by 33% from the beginning of the year. The forecasted Oil price at the end of 2022 is $95.48 - and the year to year change +30%. The fall from today to year-end: -3%. In the first half of 2023, the Oil price will climb to $97.22; in the second half, the price would add $8.41 and close the year at $105.63, which is +7% to the current price.
Oil Prediction 2024-2028These five years would bring an increase: Oil price would move from $105.63 to $190.75, which is up 81%. Oil will start 2024 at $105.63, then soar to $129.40 within the first six months of the year and finish 2024 at $114.55. That means +17% from today.
Oil Prediction 2029-2033In this period, the Oil price would rise from $190.75 to $300.93, which is +58%. Oil will start 2029 at $190.75, then soar to $203.01 within the first half of the year, and finish 2029 at $215.19. It is about +119% from today.
07/15/2022
Oil Price Prediction 2022-2023Oil price started in 2022 at $73.67. Today, Oil traded at $96.37, so the price increased by 31% from the beginning of the year. The forecasted Oil price at the end of 2022 is $105.47 - and the year to year change +43%. The rise from today to year-end: +9%. In the first half of 2023, the Oil price will climb to $119.93; in the second half, the price would add $17.75 and close the year at $137.68, which is +43% to the current price.
Oil Prediction 2024-2028These five years would bring an increase: Oil price would move from $137.68 to $260.91, which is up 90%. Oil will start 2024 at $137.68, then soar to $168.66 within the first six months of the year and finish 2024 at $150.43. That means +56% from today.
Oil Prediction 2029-2033In this period, the Oil price would rise from $260.91 to $410.39, which is +57%. Oil will start 2029 at $260.91, then soar to $277.68 within the first half of the year, and finish 2029 at $294.34. It is about +205% from today.
07/01/2022
Oil Price Prediction 2022-2023Oil price started in 2022 at $73.67. Today, Oil traded at $105.41, so the price increased by 43% from the beginning of the year. The forecasted Oil price at the end of 2022 is $127 - and the year to year change +72%. The rise from today to year-end: +20%. In the first half of 2023, the Oil price will climb to $144; in the second half, the price would add $21 and close the year at $165, which is +57% to the current price.
Oil Prediction 2024-2028These five years would bring an increase: Oil price would move from $165 to $312, which is up 89%. Oil will start 2024 at $165, then soar to $202 within the first six months of the year and finish 2024 at $180. That means +71% from today.
Oil Prediction 2029-2033In this period, the Oil price would rise from $312 to $493, which is +58%. Oil will start 2029 at $312, then soar to $332 within the first half of the year, and finish 2029 at $352. It is about +234% from today.
06/15/2022
Oil Price Prediction 2022-2023Oil price started in 2022 at $73.67. Today, Oil traded at $119.08, so the price increased by 62% from the beginning of the year. The forecasted Oil price at the end of 2022 is $139 - and the year to year change +89%. The rise from today to year-end: +17%. In the middle of 2022, we expect to see $128 per 1 Oil. In the first half of 2023, the Oil price will climb to $181; in the second half, the price would lose $21 and close the year at $160, which is +34% to the current price.
Oil Prediction 2024-2028These five years would bring a significant increase: Oil price would move from $160 to $326, which is up 104%. Oil will start 2024 at $160, then soar to $189 within the first six months of the year and finish 2024 at $176. That means +48% from today.
Oil Prediction 2029-2033In this period, the Oil price would rise from $326 to $500, which is +53%. Oil will start 2029 at $326, then soar to $346 within the first half of the year, and finish 2029 at $365. It is about +207% from today.