Crude Oil Price Forecast

Commentary 8380
December, 2011 Data:

The forecast for Crude Oil Prices is in the table at the top of this page.
Forecast-Chart.com is forecasting that Crude Oil Prices will be roughly $111
next January. The table shows a HDTFA of $26 which suggests that Oil Prices
in January, 2013 could easily fall between $137 and $85. Links to Forecasts for
many other economic indicators may be found on the left side of this page.

Average Crude Oil Prices
Last Month                                      99
Last Year . . . . . . . . . . . . . . . . . . . . 95
Last 5 Years                                     82
Last 10 Years . . . . . . . . . . . . . . . . . 63
Last 20 Years                                   42

Crude Oil Prices: Highs & Lows
High (Last 12 Months)                    110   (April, 2011)
Low (Last 12 Months)                       86   (September, 2011)
High (Since January, 1946)            134   (June, 2008)
Low (Since January, 1946)                 1   (January, 1946)

The Crude Oil Price for December, 2011 was $98.57. That's $1.36 higher than
the November, 2011 average price which was $97.21. It is $9.53 higher than
the December, 2010 price of $89.04. The rise in Crude Oil Prices from
November to December indicates that the short term Crude Oil Price trend has
been up. If that trend continues, we should see a crude oil price in January,
2012 that is close to $100.

Over the last year oil prices have averaged $95.08. The average price over
the last 10 years was $62.94. Higher Crude Oil Prices over the last 12 months
compared to the average oil prices over the last 10 years serve as an indicator
that the long term rate trend in the Crude Oil Price is up. Oil price expectations
should be adjusted accordingly.

Forecast-Chart.com's historical research covers Crude Oil Price data back to
January, 1946. The average price of oil during that period of history was
$19.91. The highest price was $133.93. The lowest oil price was $1.17. The
high was attained in June, of 2008. The low was achieved in January of 1946.

All crude oil price figures are based on the average daily price per month.

This page provides a five year chart and a forecast for Crude Oil Prices. For
links to longer term charts, look at the links under the five year chart (above).
One link opens a ten year chart. Another opens our longest term graph on
Crude Oil Prices. Just one glance at our long term charts can provide
tremendous insight into the historical trends of the financial markets. The data
table above presents the history of Crude Oil Prices in numerical format.

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$120

$100

$80

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Monthly Crude Spot Oil Price: West Texas Intermediate is plotted in gray. Source: Dow Jones &
Company. The forecast for the target month is shown in green. Other links related to this economic
indicator are below.

Spot Oil Price: West Texas Intermediate - 5 Year History

$60

Spot Oil Price: West Texas Intermediate Forecast

Target Month

Forecast

HDTFA

Forecast for Crude Spot Oil Price: West Texas
Intermediate for the target month indicated.
Measurement is in Dollars per Barrel.

January 2013

$111

$25.8

Updated Tuesday, January 31, 2012.

$40