Commodities forecast · FRED data
WTI crude oil price forecast
WTI crude oil price (US dollars per barrel)
Last close · Sep 22, 2026
$96.41
The WTI crude oil price is forecast at $90.57 in 12 months (Sep 2027), with an 80% range of $64.22 to $120.91. The last close was $96.41 on Sep 22, 2026, so the median implies a change of −6.1%.
Along the way, the median is $91.40 in 3 months and $91.15 in 6 months.
- 3 monthsDec 2026
- $91.40▼ −5.2%80%: $69.52 – $114.75
- 6 monthsMar 2027
- $91.15▼ −5.5%80%: $65.74 – $118.73
- 12 monthsSep 2027
- $90.57▼ −6.1%80%: $64.22 – $120.91
Backtest · last 5 years
How accurate has this been?
| Horizon | Tests | Avg. error | Naive error | In 80% range |
|---|---|---|---|---|
| 3 months | 57 | $10.76 | $10.86 | 82% |
| 6 months | 54 | $13.50 | $13.27 | 78% |
| 12 months | 48 | $14.34 | $14.30 | 90% |
We re-ran the model as if standing at past dates, using only the data available then. Avg. error is the mean absolute gap between the median and what happened; naive assumes no change from the last value. A well-calibrated 80% range contains about 80% of outcomes. Methodology
Source data
Recent values
| Date | Value | Change |
|---|---|---|
| Sep 22, 2026 | $96.41 | −0.58% |
| Sep 21, 2026 | $96.97 | −4.41% |
| Sep 18, 2026 | $101.44 | −1.71% |
| Sep 17, 2026 | $103.21 | −0.40% |
| Sep 16, 2026 | $103.62 | −3.18% |
| Sep 15, 2026 | $107.02 | +4.49% |
| Sep 14, 2026 | $102.42 | +1.14% |
| Sep 11, 2026 | $101.27 | −2.22% |
| Sep 10, 2026 | $103.57 | +6.49% |
| Sep 9, 2026 | $97.26 | +3.24% |
About this forecast
- Source
- FRED, Federal Reserve Bank of St. Louis · series DCOILWTICO
- Data through
- Sep 22, 2026 · 6,322 observations
- Forecast updated
- Sep 28, 2026
- Model
- TimesFM 2.5 (Google Research, Apache-2.0), zero-shot
Other commodity forecasts
All 3Statistical model, not financial advice. This forecast is generated automatically from public data; the 80% range means outcomes are expected outside it about one time in five. Don't make financial decisions based only on it.
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