Crude Oil

The graph below shows the evolution of the price differential between Brent and WTI (red line). Underneath this, you will find a sample of our panellists' Brent forecasts from June 2015. For more recent forecasts (for the next eight quarters), along with detailed analysis and the long-term outlook, please download a sample copy of the publication.

What's currently affecting oil prices?

"Brent has recovered to near US$65 per barrel in recent months, around US$20 above its mid-January low. The upturn was partly buoyed by demand from Asia and concerns about supply disruptions from the Middle East and North Africa. Further price improvements will depend on the recovery of the global economy and OPEC production levels, notably crude oil supply from Iran ..." (A portion of text from the June 2015 issue of Energy and Metals Consensus Forecasts™)

A recent sample issue of the publication, which also includes Consensus Forecasts™ for Gasoline & Heating Oil, Gas Oil, Natural Gas, Coal and Uranium, as well as base, ferrous and precious metals, can be downloaded in PDF format by clicking the link below. If you have any questions, please contact us at Consensus Economics.