Commentary  16762
September, 2014 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 $92 next
October. The table shows a HDTFA of $22 which suggests that Oil Prices in
October, 2015 could easily fall between $115 and $70. Links to Forecasts for
many other economic indicators may be found by clicking the Economic
Forecast link at the top of this page.

Average Crude Oil Prices
Last Month                                      93
Last Year . . . . . . . . . . . . . . . . . . . .  99
Last 5 Years                                     92
Last 10 Years . . . . . . . . . . . . . . . . . 81
Last 20 Years                                   53

Crude Oil Prices: Highs & Lows
High (Last 12 Months)                    106   (June, 2014)
Low (Last 12 Months)                       93   (September, 2014)
High (Since January, 1946)            134   (June, 2008)
Low (Since January, 1946)                 1   (January, 1946)

The Crude Oil Price for September, 2014 was $93.21. That's $3.33 lower than
the August, 2014 average price which was $96.54. It is $13.08 lower than the
September, 2013 price of $106.29.  The fall in Crude Oil Prices from August to
September indicates that the short term Crude Oil Price trend has been down. If
that trend continues, we should see a crude oil price in October, 2014 that is
close to $90.

Over the last year oil prices have averaged $99.30.  The average price over
the last 10 years was $80.99.  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
$23.00. 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
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.
October 2015
$92
$22.2
Updated Tuesday, November 4, 2014.
$40
Crude Oil Price Forecast
$140
$20
$160
$180
Crude Oil Price Forecast
Historical Crude Oil Prices
Year
Dollars
Year
Dollars
Year
Dollars
Year
Dollars
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1.4
1.8
2.6
2.6
2.6
2.6
2.6
2.7
2.8
2.8
2.8
3.0
3.1
3.0
3.0
3.0
3.0
3.0
2.9
2.9
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
2.9
3.0
3.1
3.3
3.4
3.6
3.6
3.9
10
11
13
14
15
22
37
37
34
30
29
28
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
15
19
16
20
24
21
21
18
17
18
22
21
14
19
30
26
26
31
41
56
2006
2007
2008
2009
2010
2011
2012
2013
66
72
100
62
79
95
94
98
Average Crude Oil Prices are shown in this table: 1946 to present
Oil Price Analysis & Forecast
US Economic Forecasts
     
  Inflation Rate
Unemployment Rate
Housing Starts
 
     
  Crude Oil Price
Natural Gas Price
 
     
  GDP
National Debt
 
     
Forecasts, charts and analysis...
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