Oil Price Prediction 2024 - 2025 - 2030

Oil price stood at $72.16 per one barrel (WTI)

01/08/2024, Monday, 5:45 am CT.

According to the latest long-term forecast, Oil price will hit $80 by the end of 2030 and then $90 by the middle of 2032. Oil will rise to $100 within the year of 2033 and $110 in 2035.

Oil Price Prediction 2024-2025

Oil price started in 2024 at $71.33. Today, Oil traded at $72.16, so the price increased by 1% from the beginning of the year. The forecasted Oil price at the end of 2024 is $54.37 - and the year to year change -24%. The fall from today to year-end: -25%. In the middle of 2024, we expect to see $65.27 per 1 Oil. In the first half of 2025, the Oil price will climb to $60.36; in the second half, the price would add $12.68 and close the year at $73.04, which is +1% to the current price.

Oil Prediction 2026-2030

These five years would bring an increase: Oil price would move from $73.04 to $80.36, which is up 10%. Oil will start 2026 at $73.04, then dipp to $65.20 within the first six months of the year and finish 2026 at $62.45. That means -13% from today.

Oil Prediction 2031-2035

In this period, the Oil price would rise from $80.36 to $117.45, which is +46%. Oil will start 2031 at $80.36, then soar to $81.79 within the first half of the year, and finish 2031 at $86.39. It is about +20% from today.

The forecast is updated on daily basis. The current price is updated every 15 minutes.

Historical Forecasts

12/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $71.76, so the price decreased by -11% from the beginning of the year. The forecasted Oil price at the end of 2023 is $66.93 - and the year to year change -17%. The fall from today to year-end: -7%. In the first half of 2024, the Oil price will drop to $65.14; in the second half, the price would add $12.14 and close the year at $77.28, which is +8% to the current price.

These five years would bring a decrease: Oil price would move from $77.28 to $69.83, which is -10%. Oil will start 2025 at $77.28, then dipp to $71.05 within the first six months of the year and finish 2025 at $70.86. That means -1% from today.

In this period, the Oil price would rise from $69.83 to $111.06, which is +59%. Oil will start 2030 at $69.83, then soar to $74.32 within the first half of the year, and finish 2030 at $78.78. It is about +10% from today.

12/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $75.94, so the price decreased by -6% from the beginning of the year. The forecasted Oil price at the end of 2023 is $69.52 - and the year to year change -14%. The fall from today to year-end: -8%. In the first half of 2024, the Oil price will drop to $67.67; in the second half, the price would add $12.61 and close the year at $80.28, which is +6% to the current price.

These five years would bring a decrease: Oil price would move from $80.28 to $72.54, which is -10%. Oil will start 2025 at $80.28, then dipp to $73.81 within the first six months of the year and finish 2025 at $73.61. That means -3% from today.

In this period, the Oil price would rise from $72.54 to $115.36, which is +59%. Oil will start 2030 at $72.54, then soar to $77.20 within the first half of the year, and finish 2030 at $81.83. It is about +8% from today.

11/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $78.43, so the price decreased by -3% from the beginning of the year. The forecasted Oil price at the end of 2023 is $67.58 - and the year to year change -16%. The fall from today to year-end: -14%. In the first half of 2024, the Oil price will climb to $75.03; in the second half, the price would add $15.76 and close the year at $90.79, which is +16% to the current price.

These five years would bring a decrease: Oil price would move from $90.79 to $83.28, which is -8%. Oil will start 2025 at $90.79, then dipp to $81.04 within the first six months of the year and finish 2025 at $77.63. That means -1% from today.

In this period, the Oil price would rise from $83.28 to $124.11, which is +49%. Oil will start 2030 at $83.28, then soar to $84.76 within the first half of the year, and finish 2030 at $89.85. It is about +15% from today.

11/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $81.16, so the price increased by 1% from the beginning of the year. The forecasted Oil price at the end of 2023 is $72.74 - and the year to year change -10%. The fall from today to year-end: -10%. In the first half of 2024, the Oil price will climb to $80.76; in the second half, the price would add $16.96 and close the year at $97.72, which is +20% to the current price.

These five years would bring a decrease: Oil price would move from $97.72 to $89.64, which is -8%. Oil will start 2025 at $97.72, then dipp to $87.23 within the first six months of the year and finish 2025 at $83.55. That means +3% from today.

In this period, the Oil price would rise from $89.64 to $133.59, which is +49%. Oil will start 2030 at $89.64, then soar to $91.23 within the first half of the year, and finish 2030 at $96.70. It is about +19% from today.

10/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $87.72, so the price increased by 9% from the beginning of the year. The forecasted Oil price at the end of 2023 is $94.11 - and the year to year change +17%. The rise from today to year-end: +7%. In the first half of 2024, the Oil price will climb to $111.65; in the second half, the price would lose $9.00 and close the year at $102.65, which is +17% to the current price.

These five years would bring an increase: Oil price would move from $102.65 to $108.08, which is up 5%. Oil will start 2025 at $102.65, then dipp to $102.37 within the first six months of the year and finish 2025 at $97.70. That means +11% from today.

In this period, the Oil price would rise from $108.08 to $171.37, which is +59%. Oil will start 2030 at $108.08, then soar to $115.03 within the first half of the year, and finish 2030 at $121.93. It is about +39% from today.

10/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $90.77, so the price increased by 13% from the beginning of the year. The forecasted Oil price at the end of 2023 is $100.77 - and the year to year change +25%. The rise from today to year-end: +11%. In the first half of 2024, the Oil price will climb to $119.55; in the second half, the price would lose $9.64 and close the year at $109.91, which is +21% to the current price.

These five years would bring an increase: Oil price would move from $109.91 to $115.74, which is up 5%. Oil will start 2025 at $109.91, then dipp to $109.61 within the first six months of the year and finish 2025 at $104.61. That means +15% from today.

In this period, the Oil price would rise from $115.74 to $183.52, which is +59%. Oil will start 2030 at $115.74, then soar to $123.18 within the first half of the year, and finish 2030 at $130.57. It is about +44% from today.

09/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $91.07, so the price increased by 13% from the beginning of the year. The forecasted Oil price at the end of 2023 is $122.23 - and the year to year change +52%. The rise from today to year-end: +34%. In the first half of 2024, the Oil price will climb to $147.90; in the second half, the price would lose $15.88 and close the year at $132.02, which is +45% to the current price.

These five years would bring an increase: Oil price would move from $132.02 to $137.56, which is up 4%. Oil will start 2025 at $132.02, then dipp to $126.46 within the first six months of the year and finish 2025 at $124.17. That means +36% from today.

In this period, the Oil price would rise from $137.56 to $213.89, which is +55%. Oil will start 2030 at $137.56, then soar to $146.40 within the first half of the year, and finish 2030 at $155.18. It is about +70% from today.

09/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $83.77, so the price increased by 4% from the beginning of the year. The forecasted Oil price at the end of 2023 is $103.62 - and the year to year change +29%. The rise from today to year-end: +24%. In the first half of 2024, the Oil price will climb to $125.38; in the second half, the price would lose $13.47 and close the year at $111.91, which is +34% to the current price.

These five years would bring an increase: Oil price would move from $111.91 to $116.59, which is up 4%. Oil will start 2025 at $111.91, then dipp to $107.19 within the first six months of the year and finish 2025 at $105.25. That means +26% from today.

In this period, the Oil price would rise from $116.59 to $181.31, which is +56%. Oil will start 2030 at $116.59, then soar to $124.09 within the first half of the year, and finish 2030 at $131.54. It is about +57% from today.

08/15/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $82.47, so the price increased by 2% from the beginning of the year. The forecasted Oil price at the end of 2023 is $89.85 - and the year to year change +12%. The rise from today to year-end: +9%. In the first half of 2024, the Oil price will drop to $82.60; in the second half, the price would lose $0.23 and close the year at $82.37, which is 0% to the current price.

These five years would bring an increase: Oil price would move from $82.37 to $92.92, which is up 13%. Oil will start 2025 at $82.37, then dipp to $78.62 within the first six months of the year and finish 2025 at $73.42. That means -11% from today.

In this period, the Oil price would rise from $92.92 to $146.79, which is +58%. Oil will start 2030 at $92.92, then soar to $98.89 within the first half of the year, and finish 2030 at $101.82. It is about +23% from today.

08/01/2023

Oil price started in 2023 at $80.51. Today, Oil traded at $81.62, so the price increased by 1% from the beginning of the year. The forecasted Oil price at the end of 2023 is $88.15 - and the year to year change +9%. The rise from today to year-end: +8%. In the first half of 2024, the Oil price will drop to $81.04; in the second half, the price would lose $0.22 and close the year at $80.82, which is -1% to the current price.

These five years would bring an increase: Oil price would move from $80.82 to $91.19, which is up 13%. Oil will start 2025 at $80.82, then dipp to $77.14 within the first six months of the year and finish 2025 at $72.04. That means -12% from today.

In this period, the Oil price would rise from $91.19 to $144.08, which is +58%. Oil will start 2030 at $91.19, then soar to $97.05 within the first half of the year, and finish 2030 at $99.93. It is about +22% from today.