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

June 1, 2025 4:07 pm

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 $60.204 as of 01.06.2025.
  • 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, last week, oil fell after hitting the resistance (B) 63.31 – 62.54. Consider holding short trades open.

Oil Real-Time Market Status

Oil is trading at $60.204 as of 01.06.2025.

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

-20.33%

Proven US oil reserves

443.361 million barrels

Oil weekly price forecast as of 26.05.2025

Oil continues to trade in a medium-term downtrend. Last week, the price tested the resistance (B) 63.31 – 62.54 again but failed to pierce it. Therefore, this week, consider holding short trades initiated near this zone open until the price hits the first target of 59.11 and the second one of 54.75.

The asset should break through and settle above 63.45 to create buying opportunities and reverse the trend.

USCrude trading ideas for the week:

Hold up sales opened at resistance (B) 63.31 – 62.54. TakeProfit: 59.11, 54.75. StopLoss: 64.10.

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

Oil Price Forecast for 2025 Based on Technical Analysis

As you can see on the chart, the USCRUDE has been trading in a sustained descending channel since September 2023. The price was rebounding from the upper and lower boundaries of the channel, forming distinct reversal points. Currently, crude oil quotes are trending near the lower boundary at $60–$61, a level that has already seen short-term rebounds.

Technical indicators confirm that the downtrend is waning. The RSI is hovering near the neutral level of 49.9, signaling neither overbought or oversold conditions. The EMA and SMA are at 61.3 and 61.8, respectively, offering resistance levels. Bollinger Bands are narrowing, indicating a possible sharp breakout from consolidation. MACD remains below the zero line, but the histogram is gradually declining, which may signal a rebound to the upside.

The trading instrument may undergo an upward correction in the short term. However, it will likely remain under pressure as long as the descending channel remains intact.

Below is a table with forecasted values for the USCRUDE (#WTI) for the next 12 months.

Month

Minimum, $

Maximum, $

June 2025

58.00

63.50

July 2025

57.50

62.80

August 2025

55.90

61.70

September 2025

55.00

60.90

October 2025

54.80

60.20

November 2025

56.00

62.30

December 2025

57.50

64.00

January 2026

58.20

64.80

February 2026

59.00

65.50

March 2026

60.10

66.20

April 2026

58.90

64.70

May 2026

57.80

63.00

Long-Term Trading Plan for USCRUDE for 2025

According to the technical analysis, USCRUDE (WTI) quotes are moving within a clear descending channel. Against this backdrop, one can consider opening trades on rebounds from the lower and upper boundaries. The primary trading plan recommends buying oil in the $58–60 range if a bullish reversal is confirmed. The RSI below 45 with an upward reversal, a MACD crossover, as well as a rebound from the channel’s lower boundary, will generate a buy signal. The bullish targets are located in the $64–66 range.

An alternative scenario assumes short trades opened at the resistance level of $64–$65 if the price does not break through the upper boundary of the channel and the indicators show signs of weakness. The RSI should be above 60 with divergence, Bollinger Bands should narrow, and MACD should show a reversal. These are signals to open a short position. Notably, risk management is essential: stop-loss orders for long trades should be placed below $56, and for short trades, above $66. The overall strategy is to trade with the trend, monitoring the macroeconomic situation and oil inventories (EIA/OPEC).

Analysts’ Oil Price Projections for 2025

Forecasts for 2025 suggest that the oil market will remain volatile. Analysts offer a wide range of predictions, suggesting a decline to $51 or growth above $73. The crude market will be driven by oil demand, shifts in the geopolitical landscape, and the pace of global economic recovery.

LongForecast

Price range in 2025: $56.01–$73.52 (as of 25.05.2025).

According to LongForecast, WTI prices are expected to remain volatile in 2025, with potential spikes reaching $73.52 in June and pullbacks to $56.01 closer to autumn. The forecast reflects the market’s sensitivity to inflation risks, OPEC+ production volumes, and oil demand in China. Crude oil is likely to trade sideways throughout the year, with each quarter accompanied by a shift in investor sentiment.

Month

Open, $

Min–Max, $

Close, $

May

61.16

58.41–69.20

64.67

June

64.67

59.27–73.52

64.36

July

64.36

57.35–64.36

60.37

August

60.37

58.64–64.82

61.73

September

61.73

56.01–61.91

58.96

October

58.96

57.33–63.37

60.35

November

60.35

59.62–65.90

62.76

December

62.76

57.88–63.98

60.93

CoinPriceForecast

Price range in 2025: $53.38–$51.65 (as of 25.05.2025).

CoinPriceForecast provides a conservative forecast, indicating a decline in crude oil prices during the year. By mid-2025, the price is expected to reach $53.38, only to drop to $51.65 by the end of December. This scenario assumes stable oil production, weak demand, and the absence of geopolitical turmoil.

Year

Mid-Year, $

Year-End, $

2025

53.38

51.65

Analysts’ Oil Price Projections for 2026

According to forecasts for 2026, oil prices are projected to decline, particularly in the first half of the year. Analysts predict that oil may slide below $50, with some experts suggesting that crude prices will remain near $65. The sentiment is rather cautious, reflecting the risks associated with a global economic downturn.

LongForecast

Price range in 2026: $49.50–$65.85 (as of 25.05.2025).

LongForecast anticipates a substantial correction in the oil market in 2026. From a high of $65.85 in January, prices will gradually decline to a low of $49.50 in June. The average price points to waning demand and an excess of supply. This scenario also takes into account the slowdown in European and Chinese manufacturing sectors.

Month

Open, $

Min–Max, $

Close, $

January

60.93

59.57–65.85

62.71

February

62.71

55.88–62.71

58.82

March

58.82

52.85–58.82

55.63

April

55.63

52.04–57.52

54.78

May

54.78

52.77–58.33

55.55

June

55.55

49.50–55.55

52.11

July

52.11

50.03–55.29

52.66

August

52.66

52.02–57.50

54.76

September

54.76

53.14–58.74

55.94

October

55.94

55.49–61.33

58.41

November

58.41

52.62–58.41

55.39

December

55.39

49.77–55.39

52.39

CoinPriceForecast

Price range in 2026: $55.77–$56.06 (as of 25.05.2025).

CoinPriceForecast estimates that the oil market will display sideways movement with minor fluctuations. Oil is expected to reach $56.06 by mid-year, then edge lower to $55.77 by year-end. Despite the prevailing bearish sentiment, the range will likely remain stable. This suggests a balance between robust production and measured consumption, excluding any unforeseen external factors.

Year

Mid-Year, $

Year-End, $

2026

56.06

55.77

Analysts’ Oil Price Projections for 2027

Analysts have expressed a predominantly negative outlook for oil prices in 2027. Most experts predict a sustained decline, with potential upticks. Market estimates for the oil price range between $45 and $60, reflecting a decline in demand and rising inventories in key regions.

LongForecast

Price range in 2027: $45.63–$60.96 (as of 25.05.2025).

According to LongForecast, the oil price is expected to continue falling, opening at around $52.39 and closing at around $48.03 by year-end. In May, oil may show short-lived growth to $60.96. The prevailing trend is expected to be bearish, accompanied by elevated volatility, as oil demand is likely to fade, energy markets stabilize, and strong growth drivers are absent.

Month

Open, $

Min–Max, $

Close, $

January

52.39

46.68–52.39

49.14

February

49.14

49.14–54.80

52.19

March

52.19

50.33–55.63

52.98

April

52.98

52.98–59.07

56.26

May

56.26

55.16–60.96

58.06

June

58.06

51.74–58.06

54.46

July

54.46

52.05–57.53

54.79

August

54.79

49.50–54.79

52.11

September

52.11

49.18–54.36

51.77

October

51.77

50.41–55.71

53.06

November

53.06

48.65–53.77

51.21

December

51.21

45.63–51.21

48.03

CoinPriceForecast

Price range in 2027: $48.55–$49.33 (as of 25.05.2025).

CoinPriceForecast forecasts a modest increase in crude oil prices from $48.55 at the midpoint of the year to $49.33 by December. This scenario indicates a period of stagnation in the industry. Analysts suggest that the market will be in equilibrium between moderate demand and stable production. The outlook does not indicate any significant price changes.

Year

Mid-Year, $

Year-End, $

2027

48.55

49.33

Analysts’ Oil Price Projections for 2028

The forecasts for 2028 remain bearish. According to the majority of industry experts, oil prices are expected to approach their lowest levels. The prevailing consensus is that prices will plummet, but a moderate recovery is expected at the end of the year.

LongForecast

Price range in 2028: $39.32–$59.66 (as of 25.05.2025).

LongForecast indicates that oil will reach its lows in 2028. The low of $39.32 is expected to be reached in May, while the yearly high of $59.66 will likely be hit in November. The forecast suggests that demand will be weak, likely due to a recession or a technological shift in the energy sector.

Month

Open, $

Min–Max, $

Close, $

January

48.03

48.03–53.56

51.01

February

51.01

45.46–51.01

47.85

March

47.85

42.64–47.85

44.88

April

44.88

40.72–45.00

42.86

May

42.86

39.32–43.46

41.39

June

41.39

41.39–46.16

43.96

July

43.96

42.44–46.90

44.67

August

44.67

44.67–49.81

47.44

September

47.44

47.44–52.90

50.38

October

50.38

50.38–56.18

53.50

November

53.50

53.50–59.66

56.82

December

56.82

50.64–56.82

53.30

CoinPriceForecast

Price range in 2028: $45.86–$50.25 (as of 25.05.2025).

CoinPriceForecast‘s outlook remains conservative. Oil is projected to trade near $45.86 in mid-2028, reaching $50.25 by year-end. The forecast does not rule out a gradual recovery, but points to a prolonged period of weak demand and excess supply.

Year

Mid-Year, $

Year-End, $

2028

45.86

50.25

Analysts’ Oil Price Projections for 2029

Forecasts for 2029 display more sustained growth in oil prices. Analysts project a moderate recovery, driven by market stabilization and a gradual increase in global demand.

LongForecast

Price range in 2029: $53.30–$67.56 (as of 25.05.2025).

According to LongForecast, the oil market is expected to recover by 2029. By May, crude prices will surge above $60.00, reaching a peak of $67.56 by June. The outlook will be moderately bullish. The factors contributing to this shift include reduced production, escalating geopolitical tensions, and soaring demand.

Month

Open, $

Min–Max, $

Close, $

January

53.30

53.30–59.43

56.60

February

56.60

56.60–63.12

60.11

March

60.11

54.52–60.26

57.39

April

57.39

55.46–61.30

58.38

May

58.38

58.38–65.10

62.00

June

62.00

61.12–67.56

64.34

CoinPriceForecast

Price range in 2029: $50.41–$54.95 (as of 25.05.2025).

CoinPriceForecast predicts a gradual increase in the oil price in 2029. The commodity is expected to trade within the range of $50.00–$55.00, indicating potential price stabilization. Such a modest increase may be attributed to inflation, currency devaluation, and shifts in global consumption patterns. However, analysts do not anticipate any significant upward movements.

Year

Mid-Year, $

Year-End, $

2029

50.41

54.95

Analysts’ Oil Price Projections for 2030

Forecasts for 2030 assume an upward trajectory for the oil price. Analysts believe that the oil market may return to growth, but no sharp spikes are expected.

CoinPriceForecast

Price range in 2030: $59.45–$63.91 (as of 25.05.2025).

CoinPriceForecast expects a recovery in the oil market. According to their data, the oil price will reach $59.45 by mid-2030 and $63.91 by the end of the year. This scenario implies a balanced market, characterized by stable demand and reduced excess supply, achieved through regulation and changes in the global energy sector.

Year

Mid-Year, $

Year-End, $

2030

59.45

63.91

Analysts’ Oil Price Projections until 2050

Long-term forecasts of WTI oil prices are inherently inaccurate and should be used only as a reference. The future price of this commodity depends on various factors, such as economic conditions, energy supply trends, political decisions, and natural disasters.

According to the EIA, the price of WTI could reach $71.00 by 2030, $81.00 by 2040, and $87.00 by 2050. This increase may be due to the depletion of easily accessible reserves and rising production costs. 

This forecast is based on several key assumptions: a slowdown in energy consumption, stable GDP growth, and consistent oil demand. However, the price depends on the balance of demand, production trends, OPEC decisions, and global economic and political shocks. These estimates will need to be revised as the market landscape evolves.

Year

TheBalanceMoney, $

2030

71.00

2040

81.00

2050

87.00

According to the EIA, WTI will rise at a moderate pace, remaining a crucial commodity. However, growth rates will be muted amid declining global demand. Investors should monitor prevailing trends and adjust their long-term expectations to align with the new market conditions.

Market Sentiment for Oil (USCrude) on Social Media

Media sentiment has a growing influence on short-term oil price fluctuations. A review of posts on social network X (formerly Twitter) indicates that market participants are divided in their views.

User @Engineeringhere offers a bearish outlook in his post, predicting that the downtrend will persist with targets at around $45.00 and below.

At the same time, trader @Scopes_XBT is optimistic about the WTI price, expecting a reversal in the demand zone and growth above $65.00.

Such posts shape market expectations and influence price trends in conditions of low liquidity. At present, sentiment towards WTI crude oil can be described as moderately neutral. Investors are preparing for both a decline and a technical rebound, which highlights the uncertainty surrounding the current market phase.

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.

In 2024–2025, oil prices showed elevated volatility again. WTI was fluctuating between $54 and $79 amid weak global economic growth, unstable demand in China, and lower production expectations by OPEC+.

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 remains a strategic commodity with high liquidity and substantial global demand. Despite market volatility and the ongoing energy transition, demand for oil remains robust in key sectors. Current forecasts suggest a moderate long-term growth outlook.

For investors, oil can serve as an effective hedging and portfolio diversification instrument, particularly during periods of heightened inflation or geopolitical uncertainty. However, it is essential to assess the risks and key trends of the global energy sector.

Oil Price Prediction FAQs

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.

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