Oil Price Prediction 2023 - 2025 - 2030

Oil price stood at $90.33 per one barrel (WTI)

09/24/2023, Sunday, 1:15 pm CT.

According to the latest long-term forecast, Oil price will hit $110 by the end of 2023 and then $140 by the middle of 2024. Oil will rise to $150 within the year of 2030, $170 in 2031, $190 in 2033 and $200 in 2034.

Oil Price Prediction 2023-2024

Oil price started in 2023 at $80.51. Today, Oil traded at $90.33, so the price increased by 12% from the beginning of the year. The forecasted Oil price at the end of 2023 is $120.76 - and the year to year change +50%. The rise from today to year-end: +34%. In the first half of 2024, the Oil price will climb to $146.12; in the second half, the price would lose $15.69 and close the year at $130.43, which is +44% to the current price.

Oil Prediction 2025-2029

These five years would bring an increase: Oil price would move from $130.43 to $135.89, which is up 4%. Oil will start 2025 at $130.43, then dipp to $124.93 within the first six months of the year and finish 2025 at $122.66. That means +36% from today.

Oil Prediction 2030-2034

In this period, the Oil price would rise from $135.89 to $211.30, which is +55%. Oil will start 2030 at $135.89, then soar to $144.63 within the first half of the year, and finish 2030 at $153.31. It is about +70% from today.

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

Historical Forecasts

09/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $83.77, so the price increased by 4% from the beginning of the year. The forecasted Oil price at the end of 2023 is $103.62 - and the year to year change +29%. The rise from today to year-end: +24%. In the first half of 2024, the Oil price will climb to $125.38; in the second half, the price would lose $13.47 and close the year at $111.91, which is +34% to the current price.

These five years would bring an increase: Oil price would move from $111.91 to $116.59, which is up 4%. Oil will start 2025 at $111.91, then dipp to $107.19 within the first six months of the year and finish 2025 at $105.25. That means +26% from today.

In this period, the Oil price would rise from $116.59 to $181.31, which is +56%. Oil will start 2030 at $116.59, then soar to $124.09 within the first half of the year, and finish 2030 at $131.54. It is about +57% from today.

08/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $82.47, so the price increased by 2% from the beginning of the year. The forecasted Oil price at the end of 2023 is $89.85 - and the year to year change +12%. The rise from today to year-end: +9%. In the first half of 2024, the Oil price will drop to $82.60; in the second half, the price would lose $0.23 and close the year at $82.37, which is 0% to the current price.

These five years would bring an increase: Oil price would move from $82.37 to $92.92, which is up 13%. Oil will start 2025 at $82.37, then dipp to $78.62 within the first six months of the year and finish 2025 at $73.42. That means -11% from today.

In this period, the Oil price would rise from $92.92 to $146.79, which is +58%. Oil will start 2030 at $92.92, then soar to $98.89 within the first half of the year, and finish 2030 at $101.82. It is about +23% from today.

08/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $81.62, so the price increased by 1% from the beginning of the year. The forecasted Oil price at the end of 2023 is $88.15 - and the year to year change +9%. The rise from today to year-end: +8%. In the first half of 2024, the Oil price will drop to $81.04; in the second half, the price would lose $0.22 and close the year at $80.82, which is -1% to the current price.

These five years would bring an increase: Oil price would move from $80.82 to $91.19, which is up 13%. Oil will start 2025 at $80.82, then dipp to $77.14 within the first six months of the year and finish 2025 at $72.04. That means -12% from today.

In this period, the Oil price would rise from $91.19 to $144.08, which is +58%. Oil will start 2030 at $91.19, then soar to $97.05 within the first half of the year, and finish 2030 at $99.93. It is about +22% from today.

07/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $75.27, so the price decreased by -7% from the beginning of the year. The forecasted Oil price at the end of 2023 is $71.69 - and the year to year change -11%. The fall from today to year-end: -5%. In the first half of 2024, the Oil price will drop to $63.99; in the second half, the price would lose $2.70 and close the year at $61.29, which is -19% to the current price.

These five years would bring an increase: Oil price would move from $61.29 to $70.67, which is up 15%. Oil will start 2025 at $61.29, then dipp to $60.18 within the first six months of the year and finish 2025 at $60.75. That means -19% from today.

In this period, the Oil price would rise from $70.67 to $107.38, which is +52%. Oil will start 2030 at $70.67, then soar to $75.21 within the first half of the year, and finish 2030 at $79.72. It is about +6% from today.

07/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $70.45, so the price decreased by -12% from the beginning of the year. The forecasted Oil price at the end of 2023 is $62.80 - and the year to year change -22%. The fall from today to year-end: -11%. In the first half of 2024, the Oil price will drop to $56.06; in the second half, the price would lose $2.36 and close the year at $53.70, which is -24% to the current price.

These five years would bring an increase: Oil price would move from $53.70 to $61.92, which is up 15%. Oil will start 2025 at $53.70, then dipp to $52.73 within the first six months of the year and finish 2025 at $53.23. That means -24% from today.

In this period, the Oil price would rise from $61.92 to $94.11, which is +52%. Oil will start 2030 at $61.92, then soar to $65.90 within the first half of the year, and finish 2030 at $69.85. It is about -1% from today.

06/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $68.08, so the price decreased by -15% from the beginning of the year. The forecasted Oil price at the end of 2023 is $62.83 - and the year to year change -22%. The fall from today to year-end: -8%. In the middle of 2023, we expect to see $63.00 per 1 Oil. In the first half of 2024, the Oil price will drop to $59.97; in the second half, the price would lose $3.97 and close the year at $56.00, which is -18% to the current price.

These five years would bring an increase: Oil price would move from $56.00 to $77.90, which is up 39%. Oil will start 2025 at $56.00, then dipp to $54.34 within the first six months of the year and finish 2025 at $46.19. That means -32% from today.

In this period, the Oil price would rise from $77.90 to $121.05, which is +55%. Oil will start 2030 at $77.90, then soar to $82.57 within the first half of the year, and finish 2030 at $87.21. It is about +28% from today.

06/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $68.38, so the price decreased by -15% from the beginning of the year. The forecasted Oil price at the end of 2023 is $60.14 - and the year to year change -25%. The fall from today to year-end: -12%. In the middle of 2023, we expect to see $60.30 per 1 Oil. In the first half of 2024, the Oil price will drop to $57.40; in the second half, the price would lose $3.80 and close the year at $53.60, which is -22% to the current price.

These five years would bring an increase: Oil price would move from $53.60 to $74.55, which is up 39%. Oil will start 2025 at $53.60, then dipp to $52.01 within the first six months of the year and finish 2025 at $44.21. That means -35% from today.

In this period, the Oil price would rise from $74.55 to $115.85, which is +55%. Oil will start 2030 at $74.55, then soar to $79.02 within the first half of the year, and finish 2030 at $83.46. It is about +22% from today.

05/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $70.09, so the price decreased by -13% from the beginning of the year. The forecasted Oil price at the end of 2023 is $62.17 - and the year to year change -23%. The fall from today to year-end: -11%. In the middle of 2023, we expect to see $64.90 per 1 Oil. In the first half of 2024, the Oil price will drop to $61.04; in the second half, the price would add $0.57 and close the year at $61.61, which is -12% to the current price.

These five years would bring an increase: Oil price would move from $61.61 to $80.89, which is up 31%. Oil will start 2025 at $61.61, then dipp to $50.52 within the first six months of the year and finish 2025 at $43.16. That means -38% from today.

In this period, the Oil price would rise from $80.89 to $119.30, which is +47%. Oil will start 2030 at $80.89, then soar to $85.74 within the first half of the year, and finish 2030 at $90.56. It is about +29% from today.

05/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $76.63, so the price decreased by -5% from the beginning of the year. The forecasted Oil price at the end of 2023 is $74.30 - and the year to year change -8%. The fall from today to year-end: -3%. In the middle of 2023, we expect to see $77.57 per 1 Oil. In the first half of 2024, the Oil price will drop to $72.95; in the second half, the price would add $0.69 and close the year at $73.64, which is -4% to the current price.

These five years would bring an increase: Oil price would move from $73.64 to $96.68, which is up 31%. Oil will start 2025 at $73.64, then dipp to $60.38 within the first six months of the year and finish 2025 at $51.58. That means -33% from today.

In this period, the Oil price would rise from $96.68 to $142.59, which is +47%. Oil will start 2030 at $96.68, then soar to $102.48 within the first half of the year, and finish 2030 at $108.24. It is about +41% from today.

04/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $82.68, so the price increased by 3% from the beginning of the year. The forecasted Oil price at the end of 2023 is $82.56 - and the year to year change +3%. The change from today to year-end: 0%. In the middle of 2023, we expect to see $86.50 per 1 Oil. In the first half of 2024, the Oil price will drop to $77.10; in the second half, the price would lose $2.29 and close the year at $74.81, which is -10% to the current price.

These five years would bring an increase: Oil price would move from $74.81 to $95.18, which is up 27%. Oil will start 2025 at $74.81, then dipp to $62.70 within the first six months of the year and finish 2025 at $63.84. That means -23% from today.

In this period, the Oil price would rise from $95.18 to $147.67, which is +55%. Oil will start 2030 at $95.18, then soar to $100.89 within the first half of the year, and finish 2030 at $106.57. It is about +29% from today.