Oil Price Prediction 2024 - 2025 - 2030


Oil price stood at $76.57 per one barrel (WTI)

According to the latest long-term forecast, Oil price will hit $80 by the middle of 2032 and then $90 by the end of 2033. Oil will rise to $100 within the year of 2034.

Year Mid-Year Year-End Tod/End,%
2024 $64.59 $56.63 -26%
2025 $55.12 $65.39 -15%
2026 $60.12 $59.96 -22%
2027 $57.23 $53.45 -30%
2028 $51.86 $56.53 -26%
2029 $57.56 $61.88 -19%
2030 $66.16 $70.41 -8%
2031 $74.63 $78.83 +3%
2032 $83.00 $85.46 +12%
2033 $89.51 $93.54 +22%
2034 $97.55 $101.54 +33%
2035 $105.51 $109.47 +43%

Oil Price Prediction 2024-2025

Oil price started in 2024 at $71.33. Today, Oil traded at $76.57, so the price increased by 7% from the beginning of the year. The forecasted Oil price at the end of 2024 is $56.63 - and the year to year change -21%. The fall from today to year-end: -26%. In the middle of 2024, we expect to see $64.59. In the first half of 2025, the Oil price will drop to $55.12; in the second half, the price would add $10.27 and close the year at $65.39, which is -15% to the current price.

The short-term forecast:

  • Monday, Feb 26 - $76.47
  • Tuesday, Feb 27 - $76.38
  • Wednesday, Feb 28 - $76.28
  • Thursday, Feb 29 - $76.19
  • Friday, Mar 1 - $76.09
  • Saturday, Mar 2 - $76.00
  • Sunday, Mar 3 - $75.90
  • Monday, Mar 4 - $75.81
  • March 15 - $74.76
  • April 15 - $71.82
  • May 15 - $68.96
  • June 15 - $66.02
  • July 15 - $63.94
  • August 15 - $62.60

Oil Prediction 2026-2030

These five years would bring an increase: Oil price would move from $65.39 to $70.41, which is up 8%. Oil will start 2026 at $65.39, then dipp to $60.12 within the first six months of the year and finish 2026 at $59.96. That means -22% from today.

Oil Prediction 2031-2035

In this period, the Oil price would rise from $70.41 to $109.47, which is +55%. Oil will start 2031 at $70.41, then soar to $74.63 within the first half of the year, and finish 2031 at $78.83. It is about +3% from today.

The forecast is updated on daily basis. The current price is updated every 15 minutes.

Historical Forecasts

02/01/2024

Oil Price Prediction 2024-2025

Oil price started in 2024 at $71.33. Today, Oil traded at $76.16, so the price increased by 7% from the beginning of the year. The forecasted Oil price at the end of 2024 is $55.80 - and the year to year change -22%. The fall from today to year-end: -27%. In the middle of 2024, we expect to see $63.64 per 1 Oil. In the first half of 2025, the Oil price will drop to $54.31; in the second half, the price would add $10.12 and close the year at $64.43, which is -15% to the current price.

Oil Prediction 2026-2030

These five years would bring an increase: Oil price would move from $64.43 to $69.37, which is up 8%. Oil will start 2026 at $64.43, then dipp to $59.23 within the first six months of the year and finish 2026 at $59.07. That means -22% from today.

Oil Prediction 2031-2035

In this period, the Oil price would rise from $69.37 to $107.87, which is +55%. Oil will start 2031 at $69.37, then soar to $73.53 within the first half of the year, and finish 2031 at $77.67. It is about +2% from today.

01/15/2024

Oil Price Prediction 2024-2025

Oil price started in 2024 at $71.33. Today, Oil traded at $72.76, so the price increased by 2% from the beginning of the year. The forecasted Oil price at the end of 2024 is $53.94 - and the year to year change -24%. The fall from today to year-end: -26%. In the middle of 2024, we expect to see $64.75 per 1 Oil. In the first half of 2025, the Oil price will climb to $59.88; in the second half, the price would add $12.58 and close the year at $72.46, which is 0% to the current price.

Oil Prediction 2026-2030

These five years would bring an increase: Oil price would move from $72.46 to $79.72, which is up 10%. Oil will start 2026 at $72.46, then dipp to $64.68 within the first six months of the year and finish 2026 at $61.95. That means -15% from today.

Oil Prediction 2031-2035

In this period, the Oil price would rise from $79.72 to $116.52, which is +46%. Oil will start 2031 at $79.72, then soar to $81.13 within the first half of the year, and finish 2031 at $85.69. It is about +18% from today.

01/01/2024

Oil Price Prediction 2024-2025

Oil price started in 2024 at $71.33. Today, Oil traded at $71.33, so the price decreased by 0% from the beginning of the year. The forecasted Oil price at the end of 2024 is $51.84 - and the year to year change -27%. The fall from today to year-end: -27%. In the middle of 2024, we expect to see $62.23 per 1 Oil. In the first half of 2025, the Oil price will climb to $57.55; in the second half, the price would add $12.09 and close the year at $69.64, which is -2% to the current price.

Oil Prediction 2026-2030

These five years would bring an increase: Oil price would move from $69.64 to $76.62, which is up 10%. Oil will start 2026 at $69.64, then dipp to $62.16 within the first six months of the year and finish 2026 at $59.54. That means -17% from today.

Oil Prediction 2031-2035

In this period, the Oil price would rise from $76.62 to $111.99, which is +46%. Oil will start 2031 at $76.62, then soar to $77.98 within the first half of the year, and finish 2031 at $82.37. It is about +15% from today.

12/15/2023

Oil Price Prediction 2023-2024

Oil price started in 2023 at $80.51. Today, Oil traded at $71.76, so the price decreased by -11% from the beginning of the year. The forecasted Oil price at the end of 2023 is $66.93 - and the year to year change -17%. The fall from today to year-end: -7%. In the first half of 2024, the Oil price will drop to $65.14; in the second half, the price would add $12.14 and close the year at $77.28, which is +8% to the current price.

Oil Prediction 2025-2029

These five years would bring a decrease: Oil price would move from $77.28 to $69.83, which is -10%. Oil will start 2025 at $77.28, then dipp to $71.05 within the first six months of the year and finish 2025 at $70.86. That means -1% from today.

Oil Prediction 2030-2034

In this period, the Oil price would rise from $69.83 to $111.06, which is +59%. Oil will start 2030 at $69.83, then soar to $74.32 within the first half of the year, and finish 2030 at $78.78. It is about +10% from today.

12/01/2023

Oil Price Prediction 2023-2024

Oil price started in 2023 at $80.51. Today, Oil traded at $75.94, so the price decreased by -6% from the beginning of the year. The forecasted Oil price at the end of 2023 is $69.52 - and the year to year change -14%. The fall from today to year-end: -8%. In the first half of 2024, the Oil price will drop to $67.67; in the second half, the price would add $12.61 and close the year at $80.28, which is +6% to the current price.

Oil Prediction 2025-2029

These five years would bring a decrease: Oil price would move from $80.28 to $72.54, which is -10%. Oil will start 2025 at $80.28, then dipp to $73.81 within the first six months of the year and finish 2025 at $73.61. That means -3% from today.

Oil Prediction 2030-2034

In this period, the Oil price would rise from $72.54 to $115.36, which is +59%. Oil will start 2030 at $72.54, then soar to $77.20 within the first half of the year, and finish 2030 at $81.83. It is about +8% from today.

11/15/2023

Oil Price Prediction 2023-2024

Oil price started in 2023 at $80.51. Today, Oil traded at $78.43, so the price decreased by -3% from the beginning of the year. The forecasted Oil price at the end of 2023 is $67.58 - and the year to year change -16%. The fall from today to year-end: -14%. In the first half of 2024, the Oil price will climb to $75.03; in the second half, the price would add $15.76 and close the year at $90.79, which is +16% to the current price.

Oil Prediction 2025-2029

These five years would bring a decrease: Oil price would move from $90.79 to $83.28, which is -8%. Oil will start 2025 at $90.79, then dipp to $81.04 within the first six months of the year and finish 2025 at $77.63. That means -1% from today.

Oil Prediction 2030-2034

In this period, the Oil price would rise from $83.28 to $124.11, which is +49%. Oil will start 2030 at $83.28, then soar to $84.76 within the first half of the year, and finish 2030 at $89.85. It is about +15% from today.

11/01/2023

Oil Price Prediction 2023-2024

Oil price started in 2023 at $80.51. Today, Oil traded at $81.16, so the price increased by 1% from the beginning of the year. The forecasted Oil price at the end of 2023 is $72.74 - and the year to year change -10%. The fall from today to year-end: -10%. In the first half of 2024, the Oil price will climb to $80.76; in the second half, the price would add $16.96 and close the year at $97.72, which is +20% to the current price.

Oil Prediction 2025-2029

These five years would bring a decrease: Oil price would move from $97.72 to $89.64, which is -8%. Oil will start 2025 at $97.72, then dipp to $87.23 within the first six months of the year and finish 2025 at $83.55. That means +3% from today.

Oil Prediction 2030-2034

In this period, the Oil price would rise from $89.64 to $133.59, which is +49%. Oil will start 2030 at $89.64, then soar to $91.23 within the first half of the year, and finish 2030 at $96.70. It is about +19% from today.

10/15/2023

Oil Price Prediction 2023-2024

Oil price started in 2023 at $80.51. Today, Oil traded at $87.72, so the price increased by 9% from the beginning of the year. The forecasted Oil price at the end of 2023 is $94.11 - and the year to year change +17%. The rise from today to year-end: +7%. In the first half of 2024, the Oil price will climb to $111.65; in the second half, the price would lose $9.00 and close the year at $102.65, which is +17% to the current price.

Oil Prediction 2025-2029

These five years would bring an increase: Oil price would move from $102.65 to $108.08, which is up 5%. Oil will start 2025 at $102.65, then dipp to $102.37 within the first six months of the year and finish 2025 at $97.70. That means +11% from today.

Oil Prediction 2030-2034

In this period, the Oil price would rise from $108.08 to $171.37, which is +59%. Oil will start 2030 at $108.08, then soar to $115.03 within the first half of the year, and finish 2030 at $121.93. It is about +39% from today.

10/01/2023

Oil Price Prediction 2023-2024

Oil price started in 2023 at $80.51. Today, Oil traded at $90.77, so the price increased by 13% from the beginning of the year. The forecasted Oil price at the end of 2023 is $100.77 - and the year to year change +25%. The rise from today to year-end: +11%. In the first half of 2024, the Oil price will climb to $119.55; in the second half, the price would lose $9.64 and close the year at $109.91, which is +21% to the current price.

Oil Prediction 2025-2029

These five years would bring an increase: Oil price would move from $109.91 to $115.74, which is up 5%. Oil will start 2025 at $109.91, then dipp to $109.61 within the first six months of the year and finish 2025 at $104.61. That means +15% from today.

Oil Prediction 2030-2034

In this period, the Oil price would rise from $115.74 to $183.52, which is +59%. Oil will start 2030 at $115.74, then soar to $123.18 within the first half of the year, and finish 2030 at $130.57. It is about +44% from today.

09/15/2023

Oil Price Prediction 2023-2024

Oil price started in 2023 at $80.51. Today, Oil traded at $91.07, so the price increased by 13% from the beginning of the year. The forecasted Oil price at the end of 2023 is $122.23 - and the year to year change +52%. The rise from today to year-end: +34%. In the first half of 2024, the Oil price will climb to $147.90; in the second half, the price would lose $15.88 and close the year at $132.02, which is +45% to the current price.

Oil Prediction 2025-2029

These five years would bring an increase: Oil price would move from $132.02 to $137.56, which is up 4%. Oil will start 2025 at $132.02, then dipp to $126.46 within the first six months of the year and finish 2025 at $124.17. That means +36% from today.

Oil Prediction 2030-2034

In this period, the Oil price would rise from $137.56 to $213.89, which is +55%. Oil will start 2030 at $137.56, then soar to $146.40 within the first half of the year, and finish 2030 at $155.18. It is about +70% from today.