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WTI Crude Oil Price Forecast and Prediction for 2026, 2027, 2028–2030 and 2035
Author:
Khaled Kamal
Category: Analysis
Oil is still the most traded commodity in the world: its price shapes fuel bills, national budgets and the profits of energy companies. The American benchmark, WTI crude oil, trades almost around the clock and its price updates in real time. In this article we break down the current crude oil price, the main drivers, technical signals and our long-term oil price forecast for WTI through 2035. All forecast figures are recalculated weekly by our statistical model.
WTI Crude Oil Price Today: Live Chart and Quote
As of November 12, 2026, WTI crude oil trades at 85.57 per barrel, with a 24-hour change of +0.2%. Below is the live WTI crude oil chart and quote with the current spread, swaps and commission, updated in real time and matching the data on our trading terminal.
WTI
OIL vs. United States Dollar
• Market opened
85.57
SELL
85.64
BUY
7
Spread
1000
Contract size
0.01
Min volume
100
Max volume
-3 (points)
Swap short
-6 (points)
Swap long
$ 0.00
Commission
The table below summarizes the key metrics: price dynamics, distance from the record high, US inventories and production, and the macro backdrop.
|
Indicator |
Value |
|
Current spread |
$0.07 |
|
Price change over 24 hours |
+0.2% |
|
Price change over 30 days |
-9.3% |
|
Price change over 1 year |
+45.5% |
|
52-week range |
$54.85 – $119.49 |
|
Volatility (30 days) |
45.2% |
|
All-time high and date |
$147.27, 11/07/2008 |
|
Distance from all-time high |
-42.1% |
|
US commercial crude inventories, million barrels |
409.8 |
|
US crude oil production, million barrels per day |
14.0 |
|
US interest rate |
4.0% |
|
US inflation, y/y |
3.7% |
|
US Dollar Index (DXY) |
102.93 |
The spread is the current cost of opening a trade. The 24-hour, 30-day and one-year changes show momentum across short, medium and long horizons, and the 52-week range shows where the price sits between its yearly high and low. Volatility shows how sharply oil swings, and the distance from the all-time high shows how far the market is from its peak. US inventories and production come out in the weekly EIA report on Wednesdays and are the main gauge of the supply and demand balance in the American market: rising inventories usually weigh on the price, falling ones support it. The Fed rate, inflation and the Dollar Index set the general backdrop, since oil is priced in dollars and most of the time moves in the opposite direction to the US currency.
What Moves the Oil Price: Key Drivers
The oil price outlook depends on the balance of supply and demand, the decisions of producers and the health of the global economy. The price rarely moves because of one factor alone, so it helps to understand each driver and how they combine.
OPEC+ Decisions and Production
The OPEC+ alliance controls a large share of global output and manages supply through quotas. Production cuts support the price, higher output weighs on it. The market reacts not only to the decisions themselves but also to how closely members stick to them. US production matters just as much: growth in shale output can offset part of the OPEC+ cuts. US production is currently 14.0 million barrels per day.
Global Demand and the Economy
Oil is sensitive to the pace of economic growth. A slowdown in China, the largest importer, and weak industrial activity reduce demand, while a recovery in transport and aviation lifts it. That is why GDP, PMI and fuel consumption data are watched so closely.
US Crude Oil Inventories
The weekly EIA inventory report is one of the most important events of the week for WTI. Actual inventories, currently 409.8 million barrels, are compared with market expectations: an unexpected draw pushes the price up, an unexpected build pulls it down. Traders also watch stocks in Cushing, Oklahoma, where WTI is physically delivered.
The Dollar, Interest Rates and Inflation
Oil is priced in dollars, so a strong dollar makes it more expensive for buyers in other countries and cuts demand, while a weak dollar supports the price. High Fed rates slow the economy and cool fuel demand, while rate cuts revive risk appetite. The Dollar Index currently reads 102.93 and the Fed rate is 4.0%.
Geopolitics and Supply Disruptions
Conflicts in key producing regions, sanctions and threats to shipping routes can add a risk premium to the oil price almost instantly. Such spikes can be sharp, but they often fade just as fast once supply is restored. Hurricanes in the Gulf of Mexico belong to the same category: they halt production and refining in the US.
WTI vs Brent
Brent is produced in the North Sea and serves as the benchmark for most of the world's oil trade, while WTI is the American benchmark. The gap between them, the Brent-WTI spread, depends on transport costs, US inventories and exports. A wider spread usually points to a local surplus of oil in the US, and a narrower one to a tighter link between the two markets.
Energy Transition and Long-Term Demand
In the long run, electric vehicles, engine efficiency and climate policy weigh on oil demand. But petrochemicals, aviation and freight remain a strong base of consumption. The speed of the energy transition determines the spread of long-term price scenarios.
WTI Crude Oil Technical Analysis and Forecast for November
Crude oil technical analysis reads the chart and indicators to show the trend, the levels where buyers and sellers step in and the likely range ahead. Oil is liquid and volatile, so technical levels are respected often. This is also the basis of any short-term oil price forecast for tomorrow or next week: for the current version, see our crude oil forecast for today, tomorrow and next week.
Oil Trend Strength (ADX) and RSI
ADX trend direction: Uptrend. Trend strength: Moderate. In a strong trend, pullbacks are more often entries than reversals. In a weak trend, breakouts often fail and price returns inside its range. The RSI indicator sits at 72.9. Current zone: Overbought. RSI compares recent gains with recent losses: readings above 70 mark an overbought market, below 30 an oversold one. Oil can trend for long stretches with RSI stuck in an extreme zone, so it works best together with the signals below.
Moving Averages and Signals by Timeframe
Signal from the key moving averages (MA20, MA50, MA100): Buy. Price holding above them confirms an uptrend, and a close below them shows that buyers are losing control. The technical signal on three timeframes:
|
Timeframe |
Signal |
|
M30 (30 minutes) |
|
|
H4 (4 hours) |
Buy |
|
D1 (daily) |
Buy |
When all three agree, the signal is strong. When short timeframes disagree with the daily chart, the daily chart has the final say. Weekly Ichimoku signal: . Overall technical signal across all indicators (moving averages, oscillators, MACD, Stochastic): Buy.
WTI Support, Resistance and Pivot Point
Nearest support: $84.37. Stronger support: $83.24. Resistance: $87.11 and $88.72. Round numbers in multiples of five and ten carry extra weight in oil because orders cluster around them, and a close beyond a level usually accelerates the move. Traders use these zones for entries and protective stop orders. Daily pivot point (calculated from the previous day's close): $85.98. Price above the pivot favors buyers for the session, below it favors sellers. Today's range so far: $84.28 to $86.79.
WTI Crude Oil Price Forecast for November
Our WTI price forecast projects a trading range of $91.38 to $106.70 for November. Volatility over the last 30 days: 45.2%. The range is recalculated weekly, so it always reflects the latest price action. For a very short-term oil price forecast for tomorrow or next week, check the signals and key levels above, which refresh every day.
Long-Term Oil Price Forecast: WTI Crude Oil Price Prediction for 2026, 2027 to 2035
Our long term oil price forecast is built on the price history of WTI, the balance of supply and demand, OPEC+ policy and macro conditions. Over the next five years our model puts WTI between $48.04 and $177.96. The table summarizes the next ten years, and the sections below go year by year through 2035.
WTI Crude Oil Price Prediction for 2026
Our 2026 forecast combines technical analysis with the current backdrop: OPEC+ quotas, US inventories, demand trends and geopolitics.
Minimum price: $55.72. This level comes into play if the global economy slows, OPEC+ raises output and US inventories keep building.
Maximum price: $119.49. It is reachable if OPEC+ holds its restrictions, demand recovers and supply disruptions add a risk premium.
Average price for the year: $87.54, a change of +52.6% versus the prior year's closing price.
Below is the month-by-month WTI crude oil forecast for 2026:
WTI Crude Oil Price Prediction for 2027
Our 2027 forecast is based on historical price data, the position of oil in its cycle and our proprietary model.
Minimum price: $76.95. This level comes into play if supply grows faster than demand and the market slips into surplus.
Maximum price: $124.57. It is reachable if underinvestment in production leads to a shortage while demand stays resilient.
Average price for the year: $100.62, a change of +1.6% versus 2026's closing price.
Below is the month-by-month WTI forecast for 2027:
WTI Crude Oil Price Prediction for 2028
Our 2028 forecast looks at how production growth in the US and outside OPEC+ compares with the pace of global demand.
Minimum price: $78.31. This level comes into play if global growth weakens while non-OPEC+ output keeps rising.
Maximum price: $129.29. It is reachable if the economy accelerates, inventories fall and producers restrain output.
Average price for the year: $103.64, a change of +2.1% versus the prior year's closing price.
Below is the month-by-month WTI forecast for 2028:
WTI Crude Oil Price Prediction for 2029
Our 2029 forecast factors in long-term investment in production, inventory trends and the pace at which other energy sources replace oil.
Minimum price: $78.93. This level comes into play in a prolonged supply glut combined with a faster energy transition.
Maximum price: $132.96. It is reachable if spare capacity is exhausted and demand for fuel and petrochemicals keeps growing.
Average price for the year: $105.83, a change of +2.1% versus the prior year's closing price.
Below is the month-by-month WTI forecast for 2029:
WTI Crude Oil Price Prediction for 2030
Our 2030 forecast factors in the length of the commodity cycle and expected macroeconomic conditions.
Minimum price: $80.73. This level comes into play if oil demand plateaus earlier than expected while supply stays ample.
Maximum price: $140.16. It is reachable if new projects are delayed and consumption grows faster than forecast.
Average price for the year: $111.39, a change of +3.1% versus the prior year's closing price.
Below is the month-by-month WTI forecast for 2030:
WTI Crude Oil Price Prediction for 2030
Our WTI oil price prediction for 2030 puts the price between $80.73 and $140.16. The lower end reflects a world where oil demand plateaus, electric transport gains share and supply stays ample, and the upper end a world where new fields are delayed, spare capacity is thin and demand is resilient.
WTI Crude Oil Price Prediction for 2035
Our forecast through 2035 rests on long-term commodity cycles, the speed of the energy transition and our proprietary model. At this horizon precision declines, so the range is a directional guide, not a precise target.
Minimum price: $36.57. Scenario: oil demand falls faster than expected as transport electrifies, and producers fight for market share.
Maximum price: $218.81. Scenario: investment in production stays insufficient, the energy transition runs slower than planned, and oil remains the main fuel for freight and aviation.
Forecasts at this horizon should be treated as a long-term strategic reference point, not a precise entry target.
What EIA and Banks Predict for Oil Prices
Our forecast comes from a statistical model, while government agencies and banks build their oil price predictions on industry data and macro research. The summaries below update automatically every week.
EIA Oil Price Forecast
EIA is the US Energy Information Administration. Once a month it updates its forecasts for WTI and Brent prices, production, consumption and inventories.
According to EIA, in its October 2026 Short-Term Energy Outlook, WTI $97 and Brent $105 per barrel in 4Q26, WTI $91 and Brent $95 in 1Q27, WTI $83 and Brent $87 in 2Q27, and WTI $70 and Brent $74 in 4Q27. Attacks on Middle East infrastructure drive 4.5 million b/d average shut-ins in 4Q26 with OPEC liquid fuels production at 23.9 million b/d for 2026. Global inventories fall 0.7 million b/d in 4Q26 before building as flows recover by end of 2Q27.
Goldman Sachs Oil Price Forecast
Goldman Sachs is a US investment bank. Its commodities analysts regularly revise their oil forecasts and publish price targets several quarters ahead.
According to Goldman Sachs Research, on October 16, 2026, benchmark Brent crude oil is forecast to trade at $90 per barrel in December 2026 and average $80 a barrel in 2027. The outlook reflects expectations that recovering Middle East supply will shift the global oil market to a surplus in the fourth quarter of 2026 and throughout 2027, though potential renewed geopolitical escalation poses upside risks to prices.
JPMorgan Oil Price Forecast
JPMorgan is one of the largest banks in the world. Its commodities team publishes oil price forecasts and breaks down the balance of supply and demand.
According to J.P. Morgan Global Research, on November 04, 2026, Brent averages $85 per barrel in 2026 and WTI $80, with 4Q26 at $80 Brent and $74 WTI. The outlook reflects a return to 1.4 mbd physical surplus from recovering Middle East flows, rising non-OPEC supply and weak demand causing crude inventory builds. Easing geopolitics from potential US-Iran agreement further erodes price premiums amid these supply-demand dynamics.
Bullish vs. Bearish Oil Price Outlook
The WTI outlook depends on which scenario plays out. WTI currently trades at 85.57, and our model's range for 2030 runs from $80.73 to $140.16. The bull case points toward the upper end of that range, the bear case toward the lower end.
WTI Bull Case
The bull case rests on a supply shortage. If OPEC+ keeps output in check, US inventories shrink and demand grows with the global economy, the market moves into deficit and prices rise. A weaker dollar and Fed rate cuts would add support, while geopolitical supply disruptions would add a risk premium. The bull scenario is playing out if WTI holds its key support, breaks resistance on rising momentum and moves toward its all-time high of $147.27.
WTI Bear Case
The bear case rests on oversupply. Rising output in the US and outside OPEC+, cracks inside the alliance and a slowing global economy tilt the balance toward surplus, and inventories start to build. A strong dollar, high interest rates and a faster shift to electric transport add pressure. The bear scenario is playing out if WTI prints lower highs, loses key support on rising momentum and US inventories keep growing. Today the Dollar Index reads 102.93.
Latest Oil News and Market Sentiment
Oil reacts quickly to headlines: OPEC+ decisions, EIA reports, demand data and geopolitics can move the price within minutes. The readings below update automatically.
WTI Crude Oil News Sentiment
Overall news sentiment around WTI crude oil today: Bearish. Bullish means positive coverage for the price prevails, bearish means negative coverage prevails, neutral means the news flow is mixed. If you are asking why oil is falling or rising, check this reading first, then the latest headlines.
Social Media Activity Around Oil
Social media activity around WTI crude oil: High. This shows how much attention traders give the asset, not which way they expect the price to go. High activity often comes with larger swings, low activity usually means a quiet, range-bound market.
How Traders Are Positioned on Oil
Position bias of traders on our platform: . Share of traders: . When most traders lean one way, a reversal becomes more likely, and many treat an extreme reading as a contrarian signal.
Featured Post on X
The most popular recent post about WTI crude oil on X. It is embedded from the original source and reflects the author's opinion, not Investizo's.
@JavierBlas
How to Trade WTI Crude Oil
There are several ways to gain exposure to the oil price, each with its own costs and risk profile. Availability of some options depends on your country.
WTI CFDs
Contracts for difference let you trade oil price moves without owning barrels and without futures expiration. This is the most flexible instrument for active trading: long and short positions, leverage, a small contract size and no need to store physical oil. It is also how most retail traders trade oil on forex platforms.
Open a WTI CFD position in the Investizo trading terminal.
WTI
OIL vs. United States Dollar
• Market opened
85.57
SELL
85.64
BUY
7
Spread
1000
Contract size
0.01
Min volume
100
Max volume
-3 (points)
Swap short
-6 (points)
Swap long
$ 0.00
Commission
Oil Futures
The classic exchange instrument: WTI contracts trade on NYMEX with monthly expiration. They suit experienced traders who can manage margin and contract expiration, since a position must be closed or rolled into the next month at expiry.
Oil ETFs and ETNs
Exchange-traded products that track the oil price let you take a position through an ordinary brokerage account, the same way as a stock. They suit longer-term investors who prefer not to use leverage. Downsides: management fees, trading only during exchange hours and tracking differences from the spot price caused by futures rolling.
Oil Company Stocks
An indirect way to play the oil price: shares of producers and service companies usually rise with oil, but they also depend on dividend policy and management decisions, so they follow the oil price only loosely.
Data sources: U.S. Energy Information Administration, FRED®. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
The trade levels, signals and forecasts in this article are calculated automatically from technical indicators and price history. They are not investment advice or a recommendation to buy or sell any financial instrument. Past performance and forecasts do not guarantee future results. Risk Warning: CFDs are complex financial products traded on margin. Trading CFDs is risky and may not be suitable for all investors. Ensure you understand the risks involved as you may lose all your invested capital.
WTI Crude Oil Price Forecast FAQ
What is the WTI crude oil price today?
WTI crude oil is trading at 85.57 per barrel as of November 12, 2026. The price is set on the global market, trades almost around the clock on weekdays and moves with OPEC+ decisions, US inventories, demand and geopolitics.
What is WTI's all-time high?
WTI's all-time high is $147.27, reached on 11/07/2008. Distance of the current price from that peak: -42.1%.
What is the oil price forecast for tomorrow and next week?
Very short-term moves depend on data releases, the EIA inventory report and key price levels more than on long-term fundamentals. The overall technical signal is Buy, the nearest support is $84.37 and the nearest resistance is $87.11. Our model's range for November runs from $91.38 to $106.70. These readings refresh regularly, so check them before you trade.
Will oil go up or down?
The crude oil outlook depends mainly on OPEC+ decisions, US production, global demand and the strength of the dollar. Our oil price prediction puts the 5-year range between $48.04 and $177.96. The bull and bear scenarios above show what has to happen for each outcome.
What will the oil price be in 2030?
Our WTI oil price prediction for 2030 puts the price between $80.73 and $140.16. These are estimated figures. The actual price will depend on OPEC+ policy, the speed of the energy transition and the pace of global economic growth.
What is the WTI crude oil price prediction for 2027?
Our model puts WTI between $76.95 and $124.57 in 2027, with an average of $100.62.
Why is oil falling?
Oil usually falls when supply grows faster than demand: OPEC+ raises output, US inventories build and the global economy slows. A strong dollar and a fading geopolitical premium add pressure. The Dollar Index currently reads 102.93, and the news sentiment reading, currently Bearish, shows whether the news background is behind the move.
What is the difference between WTI and Brent?
WTI is the American benchmark, a light, low-sulfur crude delivered at Cushing, Oklahoma. Brent is produced in the North Sea and is the reference for most of the world's physical supply. Brent usually trades slightly higher, and the gap between the two depends on transport costs and US inventories.
Can the oil price go negative?
It has happened: in April 2020 the front-month WTI futures contract closed below zero for the first time in history, when storage was full and demand collapsed. It was an exceptional case tied to contract expiry and a lack of storage space, not a normal state of the market.
How to trade WTI crude oil?
You can trade WTI through CFDs on the Investizo platform without owning physical barrels, or through futures, oil ETFs and oil company stocks. Each option has its own costs and risks, described above.
What time is best to trade oil?
The most active hours fall in the US session, especially around the weekly EIA inventory report on Wednesdays and the opening of the exchange in New York. Liquidity peaks and spreads are tightest then.
Author
Khaled Kamal
Market Analyst & Marketing Manager, Investizo
Khaled Kamal is a Market Analyst & Business Development Manager at Investizo with several years of experience in the financial services industry. His areas of focus include forex markets, trading strategies, risk management, copy trading and the practical aspects of financial markets.
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