Oil Price Prediction 2021 - 2025 - 2030

Oil price stood at $66.28 per one barrel (WTI)

03/07/2021, Sunday, 6:45 am CT.

According to the latest long-term forecast, Oil price will hit $100 by the end of 2021 and then $125 by the middle of 2022. Oil will rise to $150 within the year of 2023.

Oil Price Prediction 2021-2022

Oil price started in 2021 at $48.42. Today, Oil traded at $66.28, so the price increased by 37% from the beginning of the year. The forecasted Oil price at the end of 2021 is $112.81 - and the year to year change +133%. The rise from today to year-end: +70%. In the middle of 2021, we expect to see $97.49 per 1 Oil. In the first half of 2022, the Oil price will climb to $127.37; in the second half, the price would add $0.16 and close the year at $127.53, which is +92% to the current price.

Oil Prediction 2023-2027

These five years would bring a decrease: Oil price would move from $127.53 to $86.07, which is -33%. Oil will start 2023 at $127.53, then soar to $143.23 within the first six months of the year and finish 2023 at $164.71. That means +149% from today.

Oil Prediction 2028-2032

In this period, the Oil price would rise from $86.07 to $125.15, which is +45%. Oil will start 2028 at $86.07, then soar to $91.23 within the first half of the year, and finish 2028 at $93.59. It is about +41% from today.

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

Historical Forecasts

02/22/2021

Oil price started in 2021 at $48.42. Today, Oil traded at $59.01, so the price increased by 22% from the beginning of the year. The forecasted Oil price at the end of 2021 is $118.27 - and the year to year change +144%. The rise from today to year-end: +100%. In the middle of 2021, we expect to see $87.25 per 1 Oil. In the first half of 2022, the Oil price will drop to $98.27; in the second half, the price would add $7.82 and close the year at $106.09, which is +80% to the current price.

These five years would bring a decrease: Oil price would move from $106.09 to $59.37, which is -44%. Oil will start 2023 at $106.09, then soar to $125.19 within the first six months of the year and finish 2023 at $52.80. That means -11% from today.

In this period, the Oil price would rise from $59.37 to $83.50, which is +41%. Oil will start 2028 at $59.37, then soar to $62.50 within the first half of the year, and finish 2028 at $64.80. It is about +10% from today.

02/15/2021

Oil price started in 2021 at $48.42. Today, Oil traded at $59.73, so the price increased by 23% from the beginning of the year. The forecasted Oil price at the end of 2021 is $121.17 - and the year to year change +150%. The rise from today to year-end: +103%. In the middle of 2021, we expect to see $89.39 per 1 Oil. In the first half of 2022, the Oil price will drop to $100.68; in the second half, the price would add $8.01 and close the year at $108.69, which is +82% to the current price.

These five years would bring a decrease: Oil price would move from $108.69 to $60.82, which is -44%. Oil will start 2023 at $108.69, then soar to $128.25 within the first six months of the year and finish 2023 at $54.09. That means -9% from today.

In this period, the Oil price would rise from $60.82 to $85.53, which is +41%. Oil will start 2028 at $60.82, then soar to $64.02 within the first half of the year, and finish 2028 at $66.38. It is about +11% from today.

02/08/2021

Oil price started in 2021 at $48.42. Today, Oil traded at $57.07, so the price increased by 18% from the beginning of the year. The forecasted Oil price at the end of 2021 is $110.63 - and the year to year change +128%. The rise from today to year-end: +94%. In the middle of 2021, we expect to see $81.61 per 1 Oil. In the first half of 2022, the Oil price will drop to $91.92; in the second half, the price would add $7.32 and close the year at $99.24, which is +74% to the current price.

These five years would bring a decrease: Oil price would move from $99.24 to $55.52, which is -44%. Oil will start 2023 at $99.24, then soar to $117.10 within the first six months of the year and finish 2023 at $49.39. That means -13% from today.

In this period, the Oil price would rise from $55.52 to $78.07, which is +41%. Oil will start 2028 at $55.52, then soar to $58.44 within the first half of the year, and finish 2028 at $60.59. It is about +6% from today.

02/01/2021

Oil price started in 2021 at $48.42. Today, Oil traded at $52.14, so the price increased by 8% from the beginning of the year. The forecasted Oil price at the end of 2021 is $92.34 - and the year to year change +91%. The rise from today to year-end: +77%. In the middle of 2021, we expect to see $68.12 per 1 Oil. In the first half of 2022, the Oil price will drop to $76.72; in the second half, the price would add $6.11 and close the year at $82.83, which is +59% to the current price.

These five years would bring a decrease: Oil price would move from $82.83 to $46.36, which is -44%. Oil will start 2023 at $82.83, then soar to $97.74 within the first six months of the year and finish 2023 at $41.23. That means -21% from today.

In this period, the Oil price would rise from $46.36 to $65.20, which is +41%. Oil will start 2028 at $46.36, then soar to $48.80 within the first half of the year, and finish 2028 at $50.60. It is about -3% from today.