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Fitch Solutions, saw the US benchmark averaging at $81/bbl in 2023, falling to $62 in 2024. The agency saw WTI trading at around $50 throughout 2025 and 2026.
Meanwhile, IEA expected WTI to average at $77.18 in 2023 and $71.57 in 2024, as of 18 January.
TradingEconomics at the time of writing. expected WTI to trade at $83.04 by the end of the first quarter of 2023, rising to $93.31 by January 2024.
As market volatility makes it increasingly difficult to make long-term projections, analysts did not offer oil price forecasts for 2030.
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