Crude oil - Forecast

Crude oil is expected to trade at 69.87 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 59.41 in 12 months time.


Crude oil
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Energy Price Day Q3/18 Q4/18 Q1/19 Q2/19
Crude Oil 67.5367 0.63 -0.93% 69.8664 66.1938 62.7131 59.4093
Brent 71.4146 0.81 -1.12% 73.8612 70.0119 66.3652 62.9056
Natural gas 2.7455 0.01 0.18% 2.6281 2.3970 2.1864 1.9942
Gasoline 2.0089 0.02 -0.91% 1.9367 1.7695 1.6164 1.4769
Heating oil 2.0530 0.02 -0.91% 2.0522 1.9427 1.8389 1.7407
Ethanol 1.4053 0.01 -0.35% 1.3284 1.2576 1.1907 1.1275
Naphtha 630.44 0.07 0.01% 623.00 595.29 568.82 543.46
Propane 0.91 0.00 -0.29% 0.88 0.82 0.75 0.70
Uranium 23.6500 0.30 1.28% 21.3045 19.7760 18.3600 17.0427

Metals Price Day Q3/18 Q4/18 Q1/19 Q2/19
Gold 1,220.93 4.97 -0.41% 1,226.85 1,197.44 1,168.65 1,140.62
Silver 15.4623 0.11 -0.73% 15.3526 14.7050 14.0847 13.4900
Platinum 808.30 4.20 -0.52% 808.86 778.70 749.63 721.65
Palladium 907.40 3.40 -0.37% 893.18 844.43 798.32 754.67
Manganese 38.50 0.00 0.00% 36.07 34.23 32.49 30.83
Neodymium 412,500.00 2,500.00 -0.60% 390,598.00 367,648.50 346,027.00 325,650.50
Rhodium 2,270.00 0.00 0.00% 2,160.11 2,064.74 1,973.43 1,886.20

Agricultural Price Day Q3/18 Q4/18 Q1/19 Q2/19
Soybeans 840.6844 1.00 0.12% 815.0000 782.0000 750.0000 720.0000
Wheat 500.6599 3.25 0.65% 520.0000 480.0000 450.0000 400.0000
Cotton 88.89 0.31 -0.35% 80.00 78.00 75.00 76.73
Rice 11.9528 0.10 -0.79% 11.0000 12.0000 12.5000 12.3100
Palm Oil 2,188.00 26.00 1.20% 2,400.00 2,500.00 2,300.00 2,440.00
Cheese 1.5030 0.00 -0.07% 1.5500 1.4900 1.4300 1.3800
Milk 14.24 0.02 -0.14% 14.60 13.90 13.30 12.70
Orange Juice 171.30 0.65 0.38% 155.00 140.00 135.00 130.00
Coffee 105.70 1.75 -1.63% 120.00 120.00 130.00 116.30
Lumber 514.90 4.70 -0.90% 490.00 500.00 520.00 500.00
Wool 1,982.00 0.00 0.00% 2,100.00 1,900.00 1,950.00 1,800.00
Tea 2.87 0.00 0.00% 3.20 3.30 3.20 3.15
Rubber 164.30 0.40 0.24% 160.00 180.00 200.00 220.00
Canola 489.00 0.70 0.14% 560.00 540.00 480.00 475.00
Oat 231.0061 0.49 -0.21% 280.0000 250.0000 240.0000 240.0000
Sugar 11.06 0.07 -0.63% 11.00 12.00 13.00 12.40
Cocoa 2,395.00 15.00 -0.62% 2,650.00 3,000.00 2,600.00 2,536.13
Corn 346.9591 0.75 0.22% 330.0000 350.0000 320.0000 320.0000

Livestock Price Day Q3/18 Q4/18 Q1/19 Q2/19
Live Cattle 106.4250 0.50 -0.47% 100.0630 94.0592 88.4174 83.1055
Lean Hogs 67.9000 1.30 -1.88% 74.0380 65.4730 57.8958 51.1978
Poultry 3.90 0.05 1.30% 3.31 2.95 2.62 2.33
Beef 9.59 0.01 -0.10% 9.18 8.96 8.75 8.54
Feeder Cattle 151.2750 1.10 -0.72% 145.5878 138.7118 132.1720 125.9378

Industrial Price Day Q3/18 Q4/18 Q1/19 Q2/19
Copper 2.7193 0.02 -0.77% 2.7236 2.5719 2.4286 2.2933
Bitumen 3,146.00 4.00 0.13% 2,857.23 2,567.21 2,306.77 2,072.41
Steel 4,070.00 17.00 0.42% 3,559.30 3,143.40 2,776.27 2,452.26
Cobalt 67,750 0.00 0.00% 70,878 67,208 63,724 60,428
Coal 116.13 1.11 0.97% 107.38 102.35 97.57 92.99
Lead 2,156.25 0.00 0.00% 2,245.71 2,114.03 1,990.22 1,873.57
Aluminum 2,032.00 23.00 -1.12% 1,984.94 1,879.50 1,779.72 1,685.18
Tin 19,515.00 15.00 0.08% 19,068.04 18,426.78 17,807.23 17,209.38
Zinc 2,512.00 38.00 1.54% 2,700.90 2,564.66 2,435.53 2,312.66
Nickel 13,571.50 0.00 0.00% 13,256.89 12,243.54 11,309.12 10,445.04
Molybdenum 25,000.00 0.00 0.00% 24,325.00 23,667.50 23,030.00 22,407.50
Iron Ore 66.50 0.00 0.00% 62.26 57.85 53.75 49.95
Soda Ash 1,978.57 0.00 0.00% 1,943.82 1,858.64 1,777.33 1,699.47
Lithium 125.85 0.92 0.74% 118.96 113.76 108.79 104.04

Index Price Day Q3/18 Q4/18 Q1/19 Q2/19
Baltic Dry 1,721.00 26.00 1.53% 1,338.58 1,214.01 1,100.95 998.51
CRB Index 196.00 0.07 -0.04% 197.14 192.02 187.02 182.16
LME Index 2,981.30 0.00 0.00% 3,040.42 2,929.34 2,822.37 2,719.50
S&P GSCI 2,637.28 0.00 0.00% 2,681.33 2,589.42 2,500.57 2,414.78

TRADING ECONOMICS forecasts are based on its analysts expectations and proprietary global macro models. We work hard to make sure any information we present is accurate and reliable. However, our forecasts are not recommendations to buy or sell nor we are a registered investment adviser. Moreover, the past performance of our models is not necessarily indicative of future results.