Oil Price Prediction 2022 - 2025 - 2030


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 2022-2023

Oil 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 2024-2028

These 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 2029-2033

In 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 2022-2023

Oil 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 2024-2028

These 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 2029-2033

In 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 2022-2023

Oil 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 2024-2028

These 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 2029-2033

In 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 2022-2023

Oil 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 2024-2028

These 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 2029-2033

In 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 2022-2023

Oil 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 2024-2028

These 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 2029-2033

In 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 2022-2023

Oil 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 2024-2028

These 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 2029-2033

In 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 2022-2023

Oil 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 2024-2028

These 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 2029-2033

In 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 2022-2023

Oil 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 2024-2028

These 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 2029-2033

In 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 2022-2023

Oil 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 2024-2028

These 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 2029-2033

In 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 2022-2023

Oil 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 2024-2028

These 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 2029-2033

In 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.

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