Oil Forecast Looks Pretty Good Oil Price Forecast For 2023, 2024, 2025, 2026 And 2027
Month Open Low-High Close Total,%
2023
Apr 79.77 79.77-99.40 97.93 22.8%
May 97.93 97.93-105.56 104.00 30.4%
Jun 104.00 97.44-104.00 98.92 24.0%
Jul 98.92 96.81-99.75 98.28 23.2%
Aug 98.28 98.28-102.24 100.73 26.3%
Sep 100.73 95.76-100.73 97.22 21.9%
Oct 97.22 89.82-97.22 91.19 14.3%
Nov 91.19 91.19-98.29 96.84 21.4%
Dec 96.84 89.48-96.84 90.84 13.9%
2024
Jan 90.84 83.93-90.84 85.21 6.8%
Feb 85.21 80.15-85.21 81.37 2.0%
Mar 81.37 77.41-81.37 78.59 -1.5%
Apr 78.59 78.59-84.71 83.46 4.6%
May 83.46 83.46-86.09 84.82 6.3%
Jun 84.82 84.82-91.43 90.08 12.9%
Jul 90.08 90.08-97.09 95.66 19.9%
Aug 95.66 95.66-103.11 101.59 27.4%
Sep 101.59 101.59-109.51 107.89 35.3%
Oct 107.89 99.68-107.89 101.20 26.9%
Nov 101.20 101.20-109.08 107.47 34.7%
Dec 107.47 107.47-115.84 114.13 43.1%
2025
Jan 114.13 107.33-114.13 108.96 36.6%
Feb 108.96 108.96-112.51 110.85 39.0%
Mar 110.85 110.85-119.49 117.72 47.6%
Apr 117.72 117.72-123.98 122.15 53.1%
Month Open Low-High Close Total,%
2025 Continuation
May 122.15 122.15-130.95 129.01 61.7%
Jun 129.01 122.29-129.01 124.15 55.6%
Jul 124.15 124.15-133.83 131.85 65.3%
Aug 131.85 131.85-142.12 140.02 75.5%
Sep 140.02 140.02-150.93 148.70 86.4%
Oct 148.70 148.70-160.29 157.92 98.0%
Nov 157.92 145.91-157.92 148.13 85.7%
Dec 148.13 136.87-148.13 138.95 74.2%
2026
Jan 138.95 138.95-147.51 145.33 82.2%
Feb 145.33 145.33-154.39 152.11 90.7%
Mar 152.11 152.11-163.96 161.54 102.5%
Apr 161.54 161.54-174.13 171.56 115.1%
May 171.56 171.56-184.93 182.20 128.4%
Jun 182.20 168.34-182.20 170.90 114.2%
Jul 170.90 157.90-170.90 160.30 101.0%
Aug 160.30 148.10-160.30 150.36 88.5%
Sep 150.36 150.36-162.08 159.68 100.2%
Oct 159.68 159.68-168.08 165.60 107.6%
Nov 165.60 161.56-166.48 164.02 105.6%
Dec 164.02 162.65-167.61 165.13 107.0%
2027
Jan 165.13 152.57-165.13 154.89 94.2%
Feb 154.89 149.32-154.89 151.59 90.0%
Mar 151.59 151.59-158.55 156.21 95.8%
Apr 156.21 144.32-156.21 146.52 83.7%
May 146.52 146.52-157.93 155.60 95.1%
Oil Price forecast for April 2023.