Crude oil  Forecast 2016-2020

Crude oil is expected to trade at 50.30 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 48.70 in 12 months time.

Crude oil
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Commodity 49.8 50.3 49.8 49.2 48.7 40.6 USD/BBL
Crude oil Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Crude oil using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Crude oil - was last predicted on Saturday, May 27, 2017.