Oil Price Prediction 2023 - 2025 - 2030

Oil price stood at $71.06 per one barrel (WTI)

03/23/2023, Thursday, 10:15 am CT.

According to the latest long-term forecast, Oil price will hit $75 by the middle of 2030 and then $80 by the middle of 2031. Oil will rise to $90 within the year of 2032 and $100 in 2034.

Oil Price Prediction 2023-2024

Oil price started in 2023 at $80.51. Today, Oil traded at $71.06, so the price decreased by -12% from the beginning of the year. The forecasted Oil price at the end of 2023 is $60.61 - and the year to year change -25%. The fall from today to year-end: -15%. In the middle of 2023, we expect to see $61.73 per 1 Oil. In the first half of 2024, the Oil price will climb to $61.18; in the second half, the price would lose $11.55 and close the year at $49.63, which is -30% to the current price.

Oil Prediction 2025-2029

These five years would bring an increase: Oil price would move from $49.63 to $73.38, which is up 48%. Oil will start 2025 at $49.63, then dipp to $42.40 within the first six months of the year and finish 2025 at $48.21. That means -32% from today.

Oil Prediction 2030-2034

In this period, the Oil price would rise from $73.38 to $107.69, which is +47%. Oil will start 2030 at $73.38, then soar to $77.78 within the first half of the year, and finish 2030 at $77.88. It is about +10% from today.

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

Historical Forecasts

03/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $77.49, so the price decreased by -4% from the beginning of the year. The forecasted Oil price at the end of 2023 is $72.64 - and the year to year change -10%. The fall from today to year-end: -6%. In the middle of 2023, we expect to see $73.98 per 1 Oil. In the first half of 2024, the Oil price will climb to $73.32; in the second half, the price would lose $13.84 and close the year at $59.48, which is -23% to the current price.

These five years would bring an increase: Oil price would move from $59.48 to $87.14, which is up 47%. Oil will start 2025 at $59.48, then dipp to $50.81 within the first six months of the year and finish 2025 at $57.77. That means -25% from today.

In this period, the Oil price would rise from $87.14 to $127.89, which is +47%. Oil will start 2030 at $87.14, then soar to $92.37 within the first half of the year, and finish 2030 at $92.49. It is about +19% from today.

02/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $78.30, so the price decreased by -3% from the beginning of the year. The forecasted Oil price at the end of 2023 is $72.30 - and the year to year change -10%. The fall from today to year-end: -8%. In the middle of 2023, we expect to see $77.42 per 1 Oil. In the first half of 2024, the Oil price will drop to $70.15; in the second half, the price would lose $11.36 and close the year at $58.79, which is -25% to the current price.

These five years would bring an increase: Oil price would move from $58.79 to $96.71, which is up 65%. Oil will start 2025 at $58.79, then soar to $59.86 within the first six months of the year and finish 2025 at $65.04. That means -17% from today.

In this period, the Oil price would rise from $96.71 to $149.75, which is +55%. Oil will start 2030 at $96.71, then soar to $102.51 within the first half of the year, and finish 2030 at $108.28. It is about +38% from today.

02/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $79.06, so the price decreased by -2% from the beginning of the year. The forecasted Oil price at the end of 2023 is $73.18 - and the year to year change -9%. The fall from today to year-end: -7%. In the middle of 2023, we expect to see $78.36 per 1 Oil. In the first half of 2024, the Oil price will drop to $71.01; in the second half, the price would lose $11.49 and close the year at $59.52, which is -25% to the current price.

These five years would bring an increase: Oil price would move from $59.52 to $97.92, which is up 65%. Oil will start 2025 at $59.52, then soar to $60.61 within the first six months of the year and finish 2025 at $65.85. That means -17% from today.

In this period, the Oil price would rise from $97.92 to $151.62, which is +55%. Oil will start 2030 at $97.92, then soar to $103.80 within the first half of the year, and finish 2030 at $109.64. It is about +39% from today.

01/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $80.07, so the price decreased by -1% from the beginning of the year. The forecasted Oil price at the end of 2023 is $65.83 - and the year to year change -18%. The fall from today to year-end: -18%. In the middle of 2023, we expect to see $65.22 per 1 Oil. In the first half of 2024, the Oil price will drop to $53.40; in the second half, the price would lose $7.78 and close the year at $45.62, which is -43% to the current price.

These five years would bring an increase: Oil price would move from $45.62 to $88.01, which is up 93%. Oil will start 2025 at $45.62, then soar to $51.87 within the first six months of the year and finish 2025 at $59.55. That means -26% from today.

In this period, the Oil price would rise from $88.01 to $128.43, which is +46%. Oil will start 2030 at $88.01, then soar to $88.12 within the first half of the year, and finish 2030 at $93.08. It is about +16% from today.

01/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $80.51, so the price decreased by 0% from the beginning of the year. The forecasted Oil price at the end of 2023 is $66.56 - and the year to year change -17%. The fall from today to year-end: -17%. In the middle of 2023, we expect to see $65.94 per 1 Oil. In the first half of 2024, the Oil price will drop to $53.99; in the second half, the price would lose $7.87 and close the year at $46.12, which is -43% to the current price.

These five years would bring an increase: Oil price would move from $46.12 to $88.96, which is up 93%. Oil will start 2025 at $46.12, then soar to $52.44 within the first six months of the year and finish 2025 at $60.20. That means -25% from today.

In this period, the Oil price would rise from $88.96 to $129.81, which is +46%. Oil will start 2030 at $88.96, then soar to $89.07 within the first half of the year, and finish 2030 at $94.08. It is about +17% from today.

12/15/2022

Oil price started in 2022 at $73.67. Today, Oil traded at $76.65, so the price increased by 4% from the beginning of the year. The forecasted Oil price at the end of 2022 is $73.17 - and the year to year change -1%. The fall from today to year-end: -5%. In the first half of 2023, the Oil price will drop to $71.00; in the second half, the price would lose $11.49 and close the year at $59.51, which is -22% to the current price.

These five years would bring an increase: Oil price would move from $59.51 to $89.72, which is up 51%. Oil will start 2024 at $59.51, then soar to $60.60 within the first six months of the year and finish 2024 at $65.84. That means -14% from today.

In this period, the Oil price would rise from $89.72 to $142.23, which is +59%. Oil will start 2029 at $89.72, then soar to $95.49 within the first half of the year, and finish 2029 at $101.22. It is about +32% from today.

12/01/2022

Oil price started in 2022 at $73.67. Today, Oil traded at $80.44, so the price increased by 9% from the beginning of the year. The forecasted Oil price at the end of 2022 is $73.26 - and the year to year change -1%. The fall from today to year-end: -9%. In the first half of 2023, the Oil price will drop to $71.08; in the second half, the price would lose $11.51 and close the year at $59.57, which is -26% to the current price.

These five years would bring an increase: Oil price would move from $59.57 to $89.82, which is up 51%. Oil will start 2024 at $59.57, then soar to $60.66 within the first six months of the year and finish 2024 at $65.91. That means -18% from today.

In this period, the Oil price would rise from $89.82 to $142.40, which is +59%. Oil will start 2029 at $89.82, then soar to $95.59 within the first half of the year, and finish 2029 at $101.33. It is about +26% from today.

11/15/2022

Oil price started in 2022 at $73.67. Today, Oil traded at $85.37, so the price increased by 16% from the beginning of the year. The forecasted Oil price at the end of 2022 is $91.23 - and the year to year change +24%. The rise from today to year-end: +7%. In the first half of 2023, the Oil price will drop to $74.00; in the second half, the price would lose $10.78 and close the year at $63.22, which is -26% to the current price.

These five years would bring a significant increase: Oil price would move from $63.22 to $128.43, which is up 103%. Oil will start 2024 at $63.22, then soar to $71.88 within the first six months of the year and finish 2024 at $82.52. That means -3% from today.

In this period, the Oil price would rise from $128.43 to $191.06, which is +49%. Oil will start 2029 at $128.43, then soar to $128.59 within the first half of the year, and finish 2029 at $136.31. It is about +60% from today.

11/01/2022

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.

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.

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 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.

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.

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.