Crude Oil Price Forecast for 2026, 2027, 2028–2030 and Beyond: WTI and Brent Outlook

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 $62.601 as of 03.02.2026.

• 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 has switched to a medium-term uptrend and broke above the Target Zone 2 of 63.82–63.39.

Oil Real-Time Market Status

Oil is trading at $62.601 as of 03.02.2026.

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 USD
All-time high	147.27 USD
Price change over the last 12 months	-14.67%
Proven US oil reserves	46.4 billion barrels

Oil Weekly Price Forecast as of 02.02.2026

Last week, oil turned bullish in the medium term. As a result, the price pierced the Target Zone 2 of 63.82–63.39. The next bullish target is the Target Zone 3 of 68.08–67.66.

This week, long trades can be considered at the support A 61.97–61.54 and support B 59.84–59.20, the trend boundary. The target will be last week’s high of 66.23.

Notably, the RSI has reached the overbought area. Therefore, one may consider new long trades once the indicator value returns to the neutral zone.

USCrude Trading Ideas for the Week:

Buy near support A 61.97–61.54. TakeProfit: 63.89, 66.23. StopLoss: 60.40.

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

Oil Price Forecast for 2026 Based on Technical Analysis

On the weekly chart of WTI Crude, the overall trend remains bearish. However, the price rebounded from the 56.00–58.00 zone and stabilized around 61.00 at the end of January. Prices moved above the EMA20 (around 59.73) but remained below the EMA50 (around 62.92), suggesting that the current rise is corrective. The nearest resistance is located at 63.00, with higher levels at 67.00 and 70.00. Support levels are at 60.00 and 55.00, with the next downside target below 50.00.

RSI stands near 51.55, indicating a neutral market with no signs of overbought conditions. The MACD histogram has moved into positive territory, and the MACD line is approaching the signal line, suggesting a recovery. ATR near 3.46 points to moderate volatility without a sharp expansion of the trading range. At the same time, the sequence of lower highs remains intact, and only a sustained break above 63.00 and the EMA50 would signal a shift toward a bullish trend.

Below are the projected price levels for US Crude (WTI) over the next 12 months:

Month	Minimum, $	Maximum, $
February 2026	57.200	63.200
March 2026	62.500	64.500
April 2026	63.200	65.500
May 2026	64.500	66.800
June 2026	65.800	67.500
July 2026	67	70
August 2026	66	68
September 2026	63	66
October 2026	63	64.500
November 2026	63.500	65
December 2026	64.200	66
January 2027	63	64.500

Long-Term Trading Plan for US CRUDE in 2026

Up to June 2026, the outlook for WTI remains neutral with a moderate bullish bias: the price has moved back above the EMA20, and the MACD indicator has shifted into an uptrend. The base scenario assumes a move to 63.00, then to 67.00, provided that weekly candles close above 59.48. Long positions may be considered on a pullback to the 59.50–60.00 zone, provided a weekly candlestick pattern confirms a bullish reversal. Profit-taking targets are 63.00 and 67.00.

An alternative long-entry scenario becomes valid after a confident breakout and consolidation above 63.00 and the EMA50, with upside targets at 67.00 and 70.00. Short positions become relevant if the price consolidates below 60.00 and moves back under the EMA20. In this case, downside targets may lie at 55.00 and then 50.00, with profit-taking recommended near the nearest support zones. If momentum weakens near 67.00, it is advisable to take partial profits and wait for a corrective pullback.

Analysts’ Oil Price Projections for 2026

Most forecasts for US Crude prices in 2026 point to a moderate decline toward the end of the year. At the same time, some models allow for growth in the first half of the year and even a sharp upside move closer to autumn.

WalletInvestor

Price range (USD): 52.589 – 65.128.

According to WalletInvestor‘s forecast, WTI prices are expected to rise from February 2026, reaching a peak of 65.128 in June. A trend reversal to the downside is anticipated in July. From August to December, prices are projected to decline steadily, with occasional local corrections. The yearly low is expected at 52.589 in December.

Month	Opening, $	Closing, $	Minimum, $	Maximum, $
February	59.208	62.092	59.142	62.092
March	62.458	62.315	61.756	62.753
April	62.443	62.283	62.226	63.717
May	62.085	64.232	61.966	64.307
June	64.369	64.968	64.369	65.128
July	64.949	62.806	62.806	65.065
August	62.391	60.821	60.657	62.391
September	60.811	59.653	59.653	60.961
October	59.780	57.359	57.359	59.780
November	57.083	53.624	53.624	57.083
December	53.456	52.589	52.589	53.660

CoinCodex

Price range (USD): 44.62 – 177.93.

According to CoinCodex, prices are expected to decline in the first quarter of 2026. The projected low is likely to be reached in April at 44.62. A recovery may begin in spring and accelerate during the summer. A sharp spike is forecast for September, followed by a surge to 177.93 in October. Toward the end of the year, growth will likely slow.

Month	Minimum, $	Average price, $	Maximum, $
February	49.26	50.87	52.69
March	48.50	50.31	52.64
April	44.62	47.41	49.79
May	47.19	48.35	49.38
June	48.86	50.82	53.21
July	51.32	52.17	53.04
August	51.04	53.79	60.65
September	58.76	69.76	90.85
October	94.10	143.59	177.93
November	110.31	129.57	148.03
December	144.17	151.08	157.21

LongForecast

Price range (USD): 52.35 – 70.10.

According to LongForecast, oil prices are expected to peak at 70.10 in February 2026. This is likely to be followed by a steady decline to a low of 52.35 in July. A recovery is expected to begin in August, with prices rising again to around 68.09. A correction may occur in November, followed by moderate sideways movement in December.

Month	Opening, $	Low–High, $	Closing, $
February	63.35	58.47–70.10	65.45
March	65.45	61.01–67.43	64.22
April	64.22	58.65–64.83	61.74
May	61.74	57.22–63.24	60.23
June	60.23	55.80–61.68	58.74
July	58.74	52.35–58.74	55.10
August	55.10	55.10–61.45	58.52
September	58.52	58.52–65.26	62.15
October	62.15	61.61–68.09	64.85
November	64.85	57.79–64.85	60.83
December	60.83	59.00–65.22	62.11

Analysts’ Oil Price Projections for 2027

Most forecasts for 2027 point to a gradual decline throughout the year. At the same time, some estimates allow for growth in the first half of the year, with prices breaking above local highs. This may be followed by a decline toward December and a shift into a broader trading range.

Note: The price ranges reflect the asset's expected volatility throughout the year. Lows and highs may not be shown in the summary tables.

WalletInvestor

Price range (USD): 47.425 – 59.964.

According to WalletInvestor, US Crude prices are expected to rise in the first half of 2027, with a downturn projected in the second half. The strongest growth will likely occur in the first and second quarters, with prices peaking near 59.964. In the third quarter, prices may weaken and move sideways, followed by a possible sharp decline to a low of 47.425.

Quarter	Minimum, $	Average price, $	Maximum, $
Q1	53.601	56.037	57.553
Q2	56.816	58.675	59.964
Q3	54.523	56.040	59.947
Q4	47.425	49.732	54.532

CoinCodex

Price range (USD): 77.35 – 150.80.

According to the CoinCodex forecast, oil prices are expected to reach a peak of 150.80 in the first quarter of 2027. A sharp decline to 88.56 is projected to begin in the second quarter. In the third quarter, a partial recovery is likely, followed by another downturn in the fourth quarter, with prices falling to a low of 77.35.

Quarter	Minimum, $	Average price, $	Maximum, $
Q1	104.17	126.04	150.80
Q2	88.56	99.53	121.12
Q3	96.98	113.11	120.58
Q4	77.35	90.03	102.67

LongForecast

Price range (USD): 50.18 – 67.07.

The LongForecast scenario suggests sideways price movement that is likely to turn into a downtrend toward the end of the year. According to the platform, prices are expected to remain stable or rise moderately in the first and second quarters. A peak of 67.07 will likely be reached early in the year. A decline is expected to begin in the third quarter, intensify toward year-end, and push prices down to a low of 50.18.

Quarter	Minimum, $	Average price, $	Maximum, $
Q1	55.92	61.08	67.07
Q2	56.63	61.62	66.73
Q3	51.20	55.54	59.65
Q4	50.18	54.24	58.86

Analysts’ Oil Price Projections for 2028

Experts differ in their expectations for WTI prices in 2028: some models anticipate weakness in the middle of the year, while others allow for a recovery closer to autumn.

WalletInvestor

Price range (USD): 42.276 – 54.821.

According to WalletInvestor, WTI is expected to reach its annual high of 54.821 in the second quarter of 2028. Moderate growth is projected in the first half of the year. In the third quarter, prices may weaken and shift into a downtrend. In the fourth quarter, a decline toward the yearly low of 42.276 is forecast.

Quarter	Minimum, $	Average price, $	Maximum, $
Q1	48.588	51.028	52.398
Q2	51.677	53.565	54.821
Q3	49.375	50.826	54.609
Q4	42.276	44.467	49.416

CoinCodex

Price range (USD): 62.25 – 91.04.

According to CoinCodex, oil prices are expected to reach their peak in the first quarter at around 91.04. In the second quarter, a sharp decline to 62.25 is possible. In the third quarter, prices are likely to stabilize and move sideways, while the fourth quarter may see a moderate recovery.

Quarter	Minimum, $	Average price, $	Maximum, $
Q1	62.37	79.73	91.04
Q2	62.25	68.19	74.17
Q3	64.57	66.49	69.48
Q4	64.30	70.27	74.97

LongForecast

Price range (USD): 48.47 – 64.53.

According to LongForecast, oil prices are expected to rise to an annual high of 64.53 in the first quarter. In the second quarter, a sharp decline is projected, with prices falling to a low of 48.47. This may be followed by a recovery and a renewed rise toward 64.40. Toward the end of the year, prices are likely to move sideways, with a mild decline and stabilization.

Quarter	Minimum, $	Average price, $	Maximum, $
Q1	54.98	59.10	64.53
Q2	48.47	53.19	57.98
Q3	52.62	58.51	64.40
Q4	54.51	57.71	61.33

Analysts’ Oil Price Projections for 2029

Forecasts for 2029 vary significantly. Some estimates point to a gradual decline over the year, while others expect a weakening toward autumn. A third group of analysts, by contrast, anticipates a wide trading range with sharp price fluctuations.

WalletInvestor

Price range (USD): 37.132 – 49.687.

According to WalletInvestor, oil prices are expected to grow moderately in the first quarter of 2029. In the second quarter, prices may continue rising and reach an annual peak of 49.69. This could be followed by a period of high volatility, with a pullback and a subsequent rebound. The annual low is projected at 37.13 and is expected to be reached toward the end of the year.

Quarter	Minimum, $	Average price, $	Maximum, $
Q1	43.353	45.892	47.301
Q2	46.532	48.338	49.687
Q3	44.247	45.963	49.513
Q4	37.132	40.141	44.292

CoinCodex

Price range (USD): 65.57 – 132.89.

CoinCodex‘s analysts suggest that in 2029, oil prices will mainly move within an uptrend. In the first quarter, the price is likely to rise to 93.18. In the second quarter, the uptrend may strengthen further, pushing prices to 95.65. Growth is expected to slow in the third quarter, shifting into a phase of moderate consolidation. Toward the end of the year, a sharp bullish impulse is possible, with prices reaching an annual high of 132.89.

Quarter	Minimum, $	Average price, $	Maximum, $
Q1	65.57	69.92	93.18
Q2	77.30	87.36	95.65
Q3	84.26	88.90	92.58
Q4	90.29	99.30	132.89

LongForecast

Price range (USD): 40.12 – 58.58.

According to LongForecast, WTI prices are expected to reach a local high of 58.58 in the first quarter. From the second quarter onward, a downward move is anticipated, with prices strengthening in the third quarter, when they may fall to a low of 40.12. Toward the end of the year, stabilization and sideways trading are likely, with a recovery to around 51.17.

Quarter	Minimum, $	Average price, $	Maximum, $
Q1	52.02	55.29	58.58
Q2	48.61	54.40	57.28
Q3	40.12	45.08	51.17
Q4	42.23	47.38	51.17

Analysts’ Oil Price Projections for 2030

Outlooks for 2030 are also mixed. Some models point to lower prices by year-end, while others suggest strong growth accompanied by sharp fluctuations.

WalletInvestor

Price range (USD): 31.991 – 44.545.

According to WalletInvestor, WTI prices are expected to rise moderately in the first quarter of 2030. This may be followed by a continued upward move, with prices reaching a peak of 44.545. In the third quarter, sideways trading with elevated volatility is forecast, while in the fourth quarter, a sharp decline to a low of 31.99 is expected.

Quarter	Minimum, $	Average price, $	Maximum, $
Q1	38.164	40.693	42.180
Q2	41.404	43.231	44.545
Q3	39.085	40.496	44.412
Q4	31.991	34.299	39.163

CoinCodex

Price range (USD): 112.18 – 279.30.

According to CoinCodex, US Crude prices are expected to trade within an uptrend for most of 2030. The strongest upside impulse is forecast in the third quarter, when prices could reach an annual high of 279.30. Toward the end of the year, a correction is expected, with prices declining to 196.91.

Quarter	Minimum, $	Average price, $	Maximum, $
Q1	112.18	120.65	133.52
Q2	120.15	142.92	185.35
Q3	182.18	222.66	279.30
Q4	148.26	172.49	196.91

Analysts’ Oil Price Projections up to 2050

Long-term projections for US Crude vary widely in terms of both growth potential and price volatility. Some models assume strong long-term upside potential over several decades and allow for sharp accelerations. Others, by contrast, project a more moderate trajectory without extreme target levels.

CoinCodex‘s scenario appears to be the most aggressive. In its 2040 forecast, the average price is expected to hover around 430.06, with the annual high projected at 472.33. By 2050, further growth is anticipated, with the average price potentially reaching 1,311.12 and the maximum rising to 1,876.15.

CoinPriceForecast takes a more cautious approach, focusing on the medium-term outlook. According to the platform, the asset’s price could reach 61.46 by mid-2034 and 64.05 by year-end. The 2037 forecast is also moderately bullish, with prices expected at 74.25 by mid-year and 77.03 by the end of the year.

Year	CoinCodex, $	CoinPriceForecast, $
2034	–	64.05
2037	–	77.03
2040	430.06	–
2050	1,311.12	–

Market Sentiment for US Crude (Oil) on Social Media

Media sentiment reflects market participants’ expectations and influences trader behavior, often accelerating reactions to key levels and signals even in the absence of new fundamental factors.

For example, an X (formerly Twitter) user under the handle @Analytics notes that the price is moving toward the midline of an ascending channel and expects a more conservative entry scenario, either after a touch of the midline or the channel’s lower boundary.

 Another user, @Beyond_Charting, views the current structure as bullish and constructive. In their opinion, the consolidation is forming a base for further growth after a retest of the support zone.

Overall, sentiment remains moderately bullish. Both authors point to an upward market structure but differ in their timing approach: one emphasizes confirmation near channel boundaries and a more cautious wait, while the other interprets the current pause as preparation for a continued move higher.

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.

In 2021, the market began to recover amid a gradual increase in oil consumption. In 2022, US Crude prices traded in the $70–120 per barrel range, reflecting geopolitical tensions, supply constraints, and rising inflation.

From early 2024, USCrude prices were highly volatile. In the first quarter, prices rose to $87.10 amid geopolitical tensions and expectations of stronger demand. However, from the second quarter through year-end, prices fell to $75.71 amid increased production and recession concerns.

The downtrend gained momentum in the early months of 2025. By early May, the asset’s price had fallen to $55.04. By mid-June, the price had rebounded to $76.59, but from August onward it declined gradually. Toward the end of the year, prices traded within a broad $55–62 range.

In early 2026, the asset continued to trade without a sustained trend and remained highly sensitive to news. After declining toward the $55–56 area, prices quickly returned to around $60 and then mostly consolidated within the $55–62 range, periodically testing resistance but failing to secure a firm breakout above it.

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 may be an attractive investment, provided the investor is prepared for high volatility and understands the market’s cyclical nature. Long-term price expectations remain mixed: some forecasts allow for recovery and growth, while others point to downside risks and the persistence of sideways movement. In such conditions, oil is often better suited for portfolio diversification and tactical trades than for long-term passive holding. An optimal approach typically involves choosing a well-timed entry, accounting for the prevailing trend, and being ready to reassess the position as the market phase changes.

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