Crude Oil Price Forecast for 2025, 2026, 2027–2030 and Beyond: WTI and Brent Outlook

May 8, 2025 11:53 am

This article provides a comprehensive overview of the USCRUDE trading instrument, addressing crucial components such as the current state of the oil market, influential factors affecting oil price shifts, and future forecasts. The outlook for oil prices employs a multifaceted approach, encompassing fundamental and technical analysis to provide a nuanced and informed market assessment.

In addition, the article offers a detailed long-term trading strategy, empowering investors to accurately identify optimal entry and exit points, thereby minimizing risk while maximizing returns. Furthermore, the article draws upon the insights of industry experts and examines prevailing sentiments on social media concerning crude oil prices, offering a well-rounded and informed analysis of the current and future state of the oil market.

The article covers the following subjects:

Major Takeaways

  • The current price of oil is $58.814 as of 08.05.2025.
  • Oil reached its all-time high of $147.27 on 11.07.2008. Oil’s all-time low of $-40.32 was recorded on 20.04.2020.
  • Oil represents one of the most liquid assets in global markets, traded in US dollars.
  • The leading oil exporters are Saudi Arabia, Russia, and the US, which provide a significant share of global supply.
  • Oil reserves in strategic storage facilities of OECD countries remain an essential factor affecting crude oil price performance.
  • USCrude: According to technical analysis, oil is falling within a medium-term downtrend. The price has hit the first bearish target near 59.03.

Oil Real-Time Market Status

Oil is trading at $58.814 as of 08.05.2025.

To make informed decisions, it is essential to closely monitor key indicators that reflect the current oil price landscape, including historical trends and investment potential. By leveraging this comprehensive data set, you can assess market trends, identify correlations with macroeconomic factors, and forecast price changes.

Indicator

Value

All-time low

$-40.32

All-time high

$147.27

Price change over the last 12 months

+3.42%

Proven global oil reserves

1,757 billion barrels

Oil weekly price forecast as of 05.05.2025

Last week, oil continued to trade in a medium-term downtrend and reached its first target near 59.03. The next bearish target is 54.75, near the Target Zone 4, 55.62 – 55.02. Therefore, consider holding the remainder of the short trades at the breakeven point this week until the asset hits the second target of 54.75.

If the price breaks through the Target Zone 4, the next target within the medium-term trend will be the Target Zone 5, 49.58 – 48.98.

Oil should pierce and settle above 63.31 to create buying opportunities and reverse the trend. If so, long trades can be considered next week.

USCrude trading ideas for the week:

Hold up sales opened at resistance (B) 63.31 – 62.54. TakeProfit: 54.75. StopLoss: at the breakeven.

Technical analysis based on margin zones methodology is presented by an independent analyst, Alex Rodionov.

Oil Price Forecast for 2025 Based on Technical Analysis

On the weekly chart, the oil price is trending upward. The EMA (71.44) and SMA (70.22) lines are below the current closing price of 75.68, confirming the uptrend. The resistance level is at 74, and the support level is at 66. According to technical analysis, the oil price will unlikely slump to the historical support level of 36 in 2025.

The MACD indicator displays an upward trajectory, with the MACD line (-0.9144) crossing the signal line (-1.7342), indicating that growth will likely continue. The RSI (55.35) signals strong momentum, and the price is trading near the upper boundary of the Bollinger Bands indicator, confirming the upward trend, although a short-term correction is possible. Analysis of historical data reveals similar periods of recovery following declines.

A key factor to consider is the global demand outlook regarding the potential for increased energy consumption in developing countries. Forecasts indicate a gradual shift towards $80–$85 per barrel, focusing on market responses to macroeconomic developments and OPEC decisions.

In general, technical indicators suggest that the price of oil will rise in 2025. However, it is crucial to consider key support and resistance levels when determining potential market entry and exit points. Sharp changes in trading volume may offer further confirmation of market trends.

Month

Minimum, $

Maximum, $

January

73.820

91.500

February

81.000

97.000

March

91.270

100.850

April

88.630

97.900

May

91.200

100.800

June

85.550

96.000

July

80.900

90.080

August

79.650

88.050

September

80.780

89.290

October

75.770

85.040

November

76.570

84.630

December

79.600

88.000

Long-Term Trading Plan for USCRUDE for 2025

It is better to open positions when the price pulls back to the support area of $66–$70, where limit orders can be placed. The uptrend will be confirmed once the price settles above $74.

Take-profit orders can be set at $80, $83, and $85. To mitigate risk, lock in profits partially. If the resistance level of $85 is breached, further growth to new highs is possible.

To safeguard your capital against potential losses, place a stop-loss order below the key support level of $66 and closely monitor signals generated by the RSI and MACD indicators. Their divergence or weakening may indicate the need to exit the market.

Furthermore, it is crucial to stay informed of developments related to OPEC and oil reserves data while adjusting your trading plan to changes in market volatility to ensure successful trades.

Analysts’ Oil Price Projections for 2025

In 2025, analysts predict that oil prices will exhibit high volatility due to shifts in the geopolitical landscape, global demand, and production levels.

Long Forecast

Price range in 2025: $73.84–$100.89 (as of 11.01.2025).

According to Long Forecast, oil prices will gradually strengthen in the first half of 2025. The commodity is expected to hit a high of $100.89 in March, after which prices are anticipated to decline. In December, the rate is forecast to stand at $83.81.

Month

Open, $

Min–Max, $

Close, $

January

74.71

73.84–91.50

87.01

February

87.01

81.09–97.02

92.40

March

92.40

91.29–100.89

96.09

April

96.09

88.63–97.95

93.29

May

93.29

91.21–100.81

96.01

June

96.01

85.56–96.01

90.06

July

90.06

80.91–90.06

85.17

August

85.17

79.67–88.05

83.86

September

83.86

80.79–89.29

85.04

October

85.04

75.78–85.04

79.77

November

79.77

76.57–84.63

80.60

December

80.60

79.62–88.00

83.81

Coin Price Forecast

Price range in 2025: $74.71–$74.33 (as of 11.01.2025).

CoinPriceForecast assumes that oil prices will likely decline by approximately 3% in 2025. By midyear, oil quotes are projected to reach $74.71, and by the end of the year, it is estimated to edge lower to $74.33. This moderate decline can be attributed to the strengthening of the US dollar and an uptick in oil supply.

Year

Mid-Year, $

Year-End, $

2025

74.71

74.33

WalletInvestor

Price range in 2025: $74.681–$85.564 (as of 11.01.2025).

WalletInvestor forecasts moderate growth in the first half of the year, with a high of $85.564 in July. However, the price will start to decline in July and reach $78.641 by December. Market volatility will stem from shifts in global production volumes and demand fluctuations.

Month

Open, $

Close, $

Minimum, $

Maximum, $

February

74.710

78.929

74.681

78.929

March

79.389

80.163

79.203

80.163

April

80.296

80.864

80.296

82.186

May

80.966

84.076

80.801

84.160

June

84.202

85.396

84.183

85.396

July

85.373

84.084

84.043

85.564

August

83.837

82.782

82.408

83.837

September

82.923

82.496

82.446

83.123

October

82.538

80.927

80.927

82.798

November

80.707

78.185

78.185

80.707

December

77.810

78.641

77.143

78.641

Analysts’ Oil Price Projections for 2026

In 2026, oil market experts suggest that moderate volatility is likely to prevail due to shifts in geopolitical conditions coupled with fluctuations in supply and demand.

Long Forecast

Price range in 2026: $71.45–$93.86 (as of 11.01.2025).

Long Forecast anticipates that oil prices will experience wide fluctuations in 2026. The crude price may climb to a high of $93.86 in February. The yearly low is expected at around $71.45 in May. By the end of the year, the price is projected to trade near $79.75. The primary driving factors behind these price fluctuations are changes in production volumes and seasonal demand trends.

Month

Open, $

Min–Max, $

Close, $

January

83.81

81.33–89.89

85.61

February

85.61

84.92–93.86

89.39

March

89.39

80.53–89.39

84.77

April

84.77

76.17–84.77

80.18

May

80.18

71.45–80.18

75.21

June

75.21

75.21–83.86

79.87

July

79.87

77.03–85.13

81.08

August

81.08

81.08–90.42

86.11

September

86.11

84.42–93.30

88.86

October

88.86

79.18–88.86

83.35

November

83.35

79.66–88.04

83.85

December

83.85

75.76–83.85

79.75

Coin Price Forecast

Price range in 2026: $64.71 – 65.75 (as of 11.01.2025).

Coin Price Forecast estimates that oil prices will slump by approximately 14% in 2026. By the end of June, the average price is expected to trade near $64.71. By the end of the year, oil may recover slightly to $65.75. The decline is attributed to the projected increase in global supply.

Year

Mid-Year, $

Year-End, $

2026

64.71

65.75

WalletInvestor

Price range in 2026: $78.865–$91.218 (as of 11.01.2025).

WalletInvestor forecasts a moderate increase in oil prices in the first half of the year. In July, the rate will peak at $91.218. However, in the second half of the year, a decline to $84.428 is projected in December. These wide fluctuations are attributed to shifts in demand and turbulence in global economies.

Month

Open, $

Close, $

Minimum, $

Maximum, $

January

78.895

80.386

78.865

80.568

February

80.371

84.356

80.330

84.356

March

84.893

85.742

84.880

85.742

April

85.936

86.693

85.936

87.887

May

86.505

89.674

86.469

89.745

June

89.829

91.012

89.817

91.026

July

91.054

89.640

89.640

91.218

August

89.321

88.541

88.082

89.321

September

88.536

88.175

88.128

88.764

October

88.346

86.702

86.702

88.469

November

86.466

83.632

83.632

86.466

December

83.462

84.428

82.813

84.428

Analysts’ Oil Price Projections for 2027

In 2027, industry experts predict a decline in oil prices due to elevated supply and diminished global demand. Let’s examine analysts’ forecasts to ensure a precise evaluation of future trends in the oil market.

Long Forecast

Price range in 2027: $60.18–$85.26 (as of 11.01.2025).

According to Long Forecast, oil prices are projected to decline in 2027. The yearly high is anticipated in February at $85.26, after which the rate will likely embark on a downward trajectory. By September, the price will reach $63.35 before recovering slightly to $72.61 in December.

Month

Open, $

Min–Max, $

Close, $

January

79.75

75.27–83.19

79.23

February

79.23

77.14–85.26

81.20

March

81.20

74.45–82.29

78.37

April

78.37

69.83–78.37

73.51

May

73.51

73.51–81.97

78.07

June

78.07

69.57–78.07

73.23

July

73.23

65.26–73.23

68.69

August

68.69

62.31–68.87

65.59

September

65.59

60.18–66.52

63.35

October

63.35

63.35–70.64

67.28

November

67.28

64.95–71.79

68.37

December

68.37

68.37–76.24

72.61

Coin Price Forecast

Price range in 2027: $61.13–$66.98 (as of 11.01.2025).

According to Coin Price Forecast experts, crude prices are projected to decline in 2027. By midyear, the rate is forecast to fluctuate near $61.13, and by the end of the year, it is projected to reach $66.98. This trend is attributed to a number of factors, including the strengthening of the US dollar, an increase in crude oil inventories, and shifts in demand in international markets.

Year

Mid-Year, $

Year-End, $

2027

61.13

66.98

WalletInvestor

Price range in 2027: $84.397–$96.863 (as of 11.01.2025).

WalletInvestor forecasts that the oil market will experience moderate growth in the first half of the year, with a yearly high expected in July at $96.863. However, prices will likely decline in the second half of the year, reaching $89.930 by December. This outlook reflects the forecasted changes in OPEC policy and global oil demand shifts.

Month

Open, $

Close, $

Minimum, $

Maximum, $

January

84.397

86.073

84.397

86.226

February

86.044

89.758

85.994

89.758

March

90.363

91.384

90.363

91.384

April

91.705

92.236

91.705

93.556

May

92.142

95.446

92.101

95.446

June

95.442

96.690

95.442

96.690

July

96.862

95.438

95.438

96.863

August

95.128

94.152

93.771

95.128

September

94.212

93.984

93.782

94.443

October

93.869

92.485

92.485

94.128

November

92.232

89.286

89.286

92.232

December

89.178

89.930

88.481

89.961

Analysts’ Oil Price Projections for 2028

In 2028, analysts predict sustained price growth driven by heightened global demand and production caps. The primary factors contributing to this outlook are market volatility, seasonal fluctuations, and the policies of major oil exporters.

Long Forecast

Price range in 2028: $72.61–$109.21 (as of 11.01.2025).

According to Long Forecast, the oil price will likely increase significantly during the year, peaking in November at $109.21 due to increased demand and seasonal factors. By the end of the year, the price is projected to slide to $100.09. The main factors are high volatility and limited supply persisting throughout the year.

Month

Open, $

Min–Max, $

Close, $

January

72.61

72.61–80.97

77.11

February

77.11

77.11–85.98

81.89

March

81.89

81.89–91.32

86.97

April

86.97

77.50–86.97

81.58

May

81.58

81.58–90.97

86.64

June

86.64

86.64–96.61

92.01

July

92.01

83.45–92.23

87.84

August

87.84

84.89–93.83

89.36

September

89.36

89.36–99.65

94.90

October

94.90

93.56–103.40

98.48

November

98.48

98.48–109.21

104.01

December

104.01

95.09–105.09

100.09

Coin Price Forecast

Price range in 2028: $67.19–$59.63 (as of 11.01.2025).

Coin Price Forecast suggests that the value of oil is projected to plummet by approximately 22% in 2028. The mid-year estimate is $67.19. By year-end, crude may slip to $59.63. This projection stems from waning demand and mounting oil inventories.

Year

Mid-Year, $

Year-End, $

2028

67.19

59.63

WalletInvestor

Price range in 2028: $90.265–$102.550 (as of 11.01.2025).

WalletInvestor forecasts that oil will post sustained yet moderate gains in the first half of the year, peaking in July at $102.550. However, the price is expected to undergo a correction, reaching a projected value of $95.463 by December. Such market trends are largely influenced by OPEC policy shifts and a broader global economic upturn.

Month

Open, $

Close, $

Minimum, $

Maximum, $

January

90.265

91.726

90.265

91.908

February

91.669

95.941

91.669

95.941

March

96.125

97.190

96.125

97.190

April

97.754

97.994

97.754

99.191

May

97.833

101.118

97.766

101.118

June

101.301

102.385

101.192

102.497

July

102.441

100.933

100.933

102.550

August

100.778

100.016

99.439

100.778

September

99.915

99.507

99.435

100.128

October

99.591

97.874

97.874

99.777

November

97.812

95.023

95.004

97.883

December

94.764

95.463

94.121

95.495

Analysts’ Oil Price Projections for 2029

In 2029, oil prices are projected to show a moderate trend due to the balance between supply growth and demand shifts.

Coin Price Forecast

Price range in 2029: $65.59–$71.49 (as of 11.01.2025).

According to Coin Price Forecast, oil prices may plummet by about 7% in 2029. The mid-year estimate is $65.59, with a projected increase to $71.49 by the end of the year. This moderate decline can be attributed to macroeconomic factors and a considerable rise in oil reserves.

Year

Mid-Year, $

Year-End, $

2029

65.59

71.49

WalletInvestor

Price range in 2029: $95.797–$108.228 (as of 11.01.2025).

According to WalletInvestor, the price is expected to increase gradually in the first half of the year, peaking in July at $108.228. By December, the rate is expected to correct, with oil trading at $101.330. This forecast takes into account OPEC policy changes and global economic trends.

Month

Open, $

Close, $

Minimum, $

Maximum, $

January

95.797

97.357

95.797

97.584

February

97.495

101.582

97.355

101.582

March

101.900

102.645

101.844

102.645

April

103.187

103.554

103.187

104.790

May

103.463

106.922

103.455

106.922

June

106.821

108.018

106.821

108.121

July

108.097

106.582

106.582

108.228

August

106.491

105.535

105.092

106.527

September

105.645

105.151

105.097

105.801

October

105.227

103.580

103.580

105.428

November

103.646

100.583

100.583

103.646

December

100.252

101.330

99.780

101.330

Analysts’ Oil Price Projections for 2030

In 2030, analysts forecast moderate growth in oil prices due to stabilizing world markets and increasing global demand. Let us consider the key analysts’ forecasts to assess future trends.

Coin Price Forecast

Price range in 2030: $77.34–$80.60 (as of 11.01.2025).

CoinPriceForecast estimates a 5% increase in oil prices in 2030. The midyear estimate is $77.34, with a projected end-of-year price of $80.60. The primary factors contributing to this growth are the recovery of the global economy and the increasing energy consumption in developing countries.

Year

Mid-Year, $

Year-End, $

2030

77.34

80.60

Analysts’ Oil Price Projections until 2050

Forecasting oil prices over the long term, especially to 2050, is a challenging task. The oil market is shaped by numerous factors, including geopolitical tensions, natural disasters, technological advancements, and macroeconomic trends.

According to The Balance portal, long-term forecasts are frequently inaccurate due to the volatile nature of the oil market and changes in supply and demand.

This oil price forecast is provided for informative purposes only:

Year

Average price, $

2030

71

2040

81

2050

87

According to the US Energy Information Administration (EIA), these projections are based on the assumption of moderate economic growth and declining oil consumption. However, the forecast is inherently uncertain due to its dependence on factors such as breakthroughs within the energy sector, advancements in transportation infrastructure, and the transition to renewable energy sources.

Consequently, investors are advised to exercise caution when interpreting long-term oil price forecasts and prioritize a flexible, short-term approach. They should consider current market trends and adjust their strategies as market conditions evolve.

Market Sentiment for Oil (USCrude) on Social Media

Social media has a considerable impact on the oil market, influencing investor and trader sentiment. Social media sentiment is a valuable tool for identifying market expectations and facilitating price forecasting.

Social media posts provide insights into how experts interpret market conditions. According to CyclesFan, oil has reached the upper boundary of the weekly range. The price may perform a bearish reversal.

This indicates a cautious sentiment of investors in expectation of trend reversal. At the same time, user Cobra suggests that readers should refrain from opening short positions, expecting the growth to continue to $78.

Experts also note the influence of seasonal factors and the policies of major oil producers on social media, adding to the intricacies of oil price forecasting.

Investor sentiment on social media about oil is mixed, with some predicting a reversal and others confident in continued growth. This diversity of views underscores the asset’s high volatility and susceptibility to various factors.

Oil Price History (USCrude)

Oil (USCrude) reached its all-time high of $147.27 on 11.07.2008.

The lowest price of oil (USCrude) was recorded on 20.04.2020 and reached $-40.32.

Below is a chart showing the performance of USCrude quotes over the last ten years. In this connection, it is important to evaluate historical data to make predictions as accurate as possible.

The USCrude price has displayed considerable volatility since 2003, reflecting economic and political developments worldwide. In 2008, oil prices surged to an all-time high of $147 per barrel, driven by rising demand in developing countries and constrained supply. However, the global financial crisis triggered a significant drop in prices, reaching $40, one of the steepest declines in history.

In 2014–2015, the price of oil substantially declined due to an oversupply in the market and a surge in shale oil production in the US. This marked a pivotal shift in the industry’s landscape and the global oil trade sector.

In 2020, the global oil demand experienced a significant decline due to the impact of the pandemic, resulting in a temporary decline in crude prices below zero.

Since 2021, the market has demonstrated signs of recovery, accompanied by a gradual increase in oil consumption. By 2022, the price of US Crude oil ranged between $70 and $120 per barrel, reflecting prevailing geopolitical tensions, supply constraints, and skyrocketing inflation.

Oil Price Fundamental Analysis (USCrude)

Fundamental analysis is the key to understanding the factors that influence oil prices. This section focuses on the economic, political, and environmental factors that determine supply and demand, as well as the fluctuations in the value of US Crude in the global market. Understanding these aspects provides a more accurate assessment of the asset’s long-term prospects. The analysis also includes an evaluation of the impact of energy policy and technological advancements in the industry.

What Factors Affect the Oil Price?

The price of oil is shaped by a variety of fundamental factors that reflect the state of the global economy and geopolitical environment:

  • The level of global oil demand, especially in the major economies.
  • The volume of oil production by the largest oil-producing countries.
  • Oil reserves in strategic storage facilities.
  • Political stability in oil-rich regions.
  • Transportation costs and infrastructure constraints.
  • The exchange rate of the US dollar, as oil is quoted in the US currency.
  • Development of alternative energy sources and environmental initiatives.
  • Force majeure, including natural and technological disasters.
  • Seasonal changes in fuel demand, especially during heating and summer periods.
  • Government subsidies or tax policies that affect the cost of oil production and transportation.

These factors play a key role in determining oil prices. They should be considered when making short- and long-term forecasts.

More Facts About Oil

Oil is a valuable natural resource that plays a key role in the world economy. This versatile hydrocarbon product is used in the production of fuel, plastics, chemicals, and electricity. Crude oil is classified into different types, including Brent, WTI, and Dubai benchmark grades, each with its own characteristics and designated applications.

Oil is extracted in various regions worldwide, with Saudi Arabia, Russia, the United States, and Canada being the leading producers. The primary extraction methods include conventional drilling and shale oil extraction. Transportation is facilitated through pipelines, tankers, and railroad trains.

The pricing of oil is influenced by a variety of factors, including supply and demand shifts, geopolitical events, and decisions made by organizations such as OPEC. It is traded on global exchanges, such as NYMEX and ICE.

The history of oil spans more than 150 years, beginning with the first commercial production in 1859 in the US. Despite the emergence of alternative energy sources such as solar and wind power, oil continues to dominate the global energy landscape.

Advantages and Disadvantages of Investing in USCrude

Investing in oil is a common strategy for diversifying an investment portfolio, given its high liquidity and profit potential. However, it is essential for investors to carefully assess the risks associated with price volatility and external factors.

Advantages

  • High liquidity: oil is actively traded on global exchanges, making it easy to buy and sell.
  • Growth potential: oil prices can rise significantly on the back of increased demand, especially during an economic recovery
  • Inflation hedging: investing in oil can help safeguard a portfolio against inflation and the potential loss of purchasing power.
  • Portfolio diversification: investing in oil reduces overall risk by adding commodity assets that are not correlated with equities.
  • Opportunity for speculation: the high volatility of oil provides ample opportunity for short-term strategies, allowing you to capitalize on sharp changes in quotes.
  • Global importance: oil remains a key commodity for the global economy, ensuring its stable demand.

Disadvantages

  • High volatility: oil prices are subject to sharp fluctuations due to external factors such as crises or changes in demand.
  • Dependence on geopolitics: instability in oil-producing regions can lead to sharp price changes, representing an additional risk.
  • Environmental risks: growing environmental requirements may limit production and increase production and transportation costs.
  • Long-term uncertainty: alternative energy may reduce oil demand, affecting its prospects as an asset.
  • Limited access: for retail investors, access to oil markets may be restricted by the intricacies of futures trading.
  • Dependence on macroeconomic factors: economic downturns or slowdowns can adversely impact the value of USCrude.

Investing in oil can present both significant opportunities for high returns and considerable risks. Consequently, it is essential to carefully consider global economic and political factors while monitoring trends within the energy industry to make informed investment decisions.

How We Make Forecasts

The forecasting methodology involves analyzing data over three time horizons: short, medium, and long term. Each approach employs specific tools and analysis methods.

Short-term forecasts

Short-term forecasts rely on technical indicators such as moving averages, the RSI, and support and resistance levels. In addition, relevant news and geopolitical events help predict short-term price swings.

Medium-term forecasts

The medium-term outlook focuses on key fundamental data, including production volumes, oil reserves, and economic indicators such as demand in major economies. Seasonal changes in supply and demand are also evaluated.

Long-term forecasts

Long-term forecasts are based on a comprehensive assessment of global trends, including the transition to green energy, changes in OPEC policies, and technological advancements. In addition, price history analysis and scenario modeling complement the outlook.

This comprehensive approach allows us to consider various factors affecting the oil market and deliver precise forecasts.

Conclusion: Is Oil a Good Investment?

Oil plays a pivotal role in the global economy, presenting a range of compelling investment opportunities. Its high liquidity and steadfast demand make it a particularly attractive asset for long-term investors, especially in light of the expanding global energy appetite. However, its volatility, vulnerability to geopolitical factors, and the emergence of alternative energy sources introduce additional layers of risk. Investors who can navigate these global economic trends and respond nimbly to market shifts stand to gain from strategic investment in US Crude.

Oil Price Prediction FAQs

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