If you are looking for commodites with good return, Crude Oil can be a profitable investment option. Crude Oil price (per barrel) equal to 54.110 USD at 2019-10-23. Based on our forecasts, a long-term increase is expected, the "CL" commodity price prognosis for 2024-10-20 is 77.933 USD per barrel. Our annual crude oil price forecast for 2020 is neutral with one exceptional bullish spike. This is likely to happen at the end of 2020 or in 2021 when the Euro goes up. That’s why readers should follow our 2021 forecasts thoroughly. EIA forecasts OPEC crude oil production will average 29.2 million barrels per day (b/d) from April through December 2020, up from an average of 28.7 million b/d in the first quarter of 2020. EIA forecasts OPEC crude oil production will rise to an average of 29.4 million b/d in 2021. Crude oil - data, forecasts, historical chart - was last updated on March of 2020. Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil is expected to trade at 31.29 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Oil Price Forecast 2025 and 2050 The EIA forecasts that, by 2025, the average price of a barrel of Brent crude oil will rise to $81.73/b. This figure is in 2018 dollars, which removes the effect of inflation. The average for the month 26.24. The Oil Price forecast at the end of the month 26.25, change for September 0.2%. WTI oil price forecast for October 2020. In the beginning price at 26.25 Dollars. High price 26.25, low 25.34. The average for the month 25.89. The Oil Price forecast at the end of the month 25.73, change for October -2.0%. EIA forecasts that average Brent prices will rise to an average of $55/b in 2021, as declining global oil inventories put upward pressure on prices. Based on the lower crude oil price forecast, EIA expects U.S. retail prices for regular grade gasoline to average $2.14 per gallon (gal) in 2020, down from $2.60/gal in 2019.
11 Mar 2020 EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average 11 Mar 2020 Prices and inventories: EIA forecasts Brent crude oil prices will average $43/b in 2020, down from a forecast of $65/b in the January STEO, and 11 Mar 2020 Brent crude oil prices will average $61.25 per barrel in 2020 and $67.53 per barrel in 2021 according to the most recent forecast from the US Crude Oil Price Forecast, Crude Oil (CL) price prediction. The best long-term & short-term Crude Oil price prognosis for 2020, 2021, 2022, 2023, 2024, 2025 with
23 Jan 2020 Crude oil prices are forecast to decline during the first half of 2020 but later increase through 2021, the U.S.' Energy Information Administration (
EIA forecasts OPEC crude oil production will average 29.2 million barrels per day (b/d) from April through December 2020, up from an average of 28.7 million b/d in the first quarter of 2020. EIA forecasts OPEC crude oil production will rise to an average of 29.4 million b/d in 2021. Crude oil - data, forecasts, historical chart - was last updated on March of 2020. Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil is expected to trade at 31.29 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Oil Price Forecast 2025 and 2050 The EIA forecasts that, by 2025, the average price of a barrel of Brent crude oil will rise to $81.73/b. This figure is in 2018 dollars, which removes the effect of inflation.
Crude oil prices slipped as much as 24% to below $21 per barrel on Wednesday, a level not seen since February of 2002, on mounting worries that lockdowns These predictions proved false as world oil production rose and hit a new high in 2018., although most of this increase in supply in the Argus provides exclusive spot pricing and daily intelligence on the global and specialist local markets for the crude oil industry. Alquist and Kilian (2010) document that oil futures prices tend to be less accurate in the mean-squared prediction error sense than a simple no-change forecast ( Monthly surveys featuring individual and consensus price forecasts for Brent and WTI Crude Oil, plus futures prices and global supply and demand forecasts. Abstract— This paper presents a model based on multilayer feedforward neural network to forecast crude oil spot price direction in the short-term, up to three Brent crude oil prices are forecast using futures data from the International Commodities Exchange (ICE), which extends seven years into the future. Other