Crude Oil Price Forecasts

The only publication of its kind, Energy & Metals Consensus Forecasts™ is the result of a comprehensive monthly survey of over 40 of the world’s most prominent commodity forecasters covering over 30 individual commodity price forecasts (list below, right), including Brent and WTI crude oil. Subscribers to the soft copy of the publication will receive an accompanying Excel file featuring a full breakdown of the individual panellist and consensus forecasts for all commodities surveyed. Price forecasts from a recent survey can be viewed by downloading a sample issue below.

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Crude Oil

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Each publication contains detailed individual analyst and average (mean) price forecasts for the next 8 quarters, as well as the long-term outlook for the upcoming 10 year period. This is complemented with in-depth graphical and written analysis.

In addition, Energy and Metals Consensus Forecasts features a closer look at changes in the macroeconomic outlook in the world’s major economies, and a selection of currency forecasts taken from our Foreign Exchange Consensus Forecasts publication.

Energy and Metals Consensus Forecasts

The publication has many practical uses including commodity investment analysis, risk management, corporate planning, and budgeting. The commodities covered have been selected for their global appeal and traded on prominent futures markets such as the London Metal Exchange (LME), New York Mercantile Exchange (NYMEX) and InterContinental Exchange (ICE).

Forecast Coverage for Crude Oil

We feature crude oil forecasts for the two key benchmarks:

WTI - West Texas Intermediate Spot Price (Cushing, OK), fob
Brent - North Sea, Spot Price, fob

Crude Oil Price History

The chart below illustrates the trend in Crude oil prices since January 2011, measured in US$/bbl. Crude Oil - WTI and Brent Spot Price History

Consensus Forecasts for Crude Oil

The sample table below has been extracted from our October 2019 survey, showing individual and consensus price forecasts for Crude Oil - WTI. The publication includes forecasts for Crude Oil - Brent, as well as more than 30 other commodities. The accompanying Excel file includes individual panellist forecasts for all commodities featured in Energy and Metals Consensus Forecasts. WTI Crude Oil Price Forecasts

Crude Oil and Coverage of Other Commodities

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.