Commentary  12190
March, 2013 Data:

The forecast for Crude Oil Prices is in the table at the top of this page.
Forecast-Chart.com is forecasting that Crude Oil Prices will be roughly $113
next April. The table shows a HDTFA of $27 which suggests that Oil Prices in
April, 2014 could easily fall between $140 and $86. Links to Forecasts for many
other economic indicators may be found by clicking the Economic Forecast link
at the top of this page.

Average Crude Oil Prices
Last Month                                      93
Last Year . . . . . . . . . . . . . . . . . . . .  92
Last 5 Years                                     86
Last 10 Years . . . . . . . . . . . . . . . . . 71
Last 20 Years                                   46

Crude Oil Prices: Highs & Lows
High (Last 12 Months)                    103   (April, 2012)
Low (Last 12 Months)                       82   (June, 2012)
High (Since January, 1946)            134   (June, 2008)
Low (Since January, 1946)                 1   (January, 1946)

The Crude Oil Price for March, 2013 was $93.05. That's $2.27 lower than the
February, 2013 average price which was $95.32. It is $13.14 lower than the
March, 2012 price of $106.19.  The fall in Crude Oil Prices from February to
March indicates that the short term Crude Oil Price trend has been down. If that
trend continues, we should see a crude oil price in April, 2013 that is close to
$91.

Over the last year oil prices have averaged $92.07.  The average price over
the last 10 years was $71.25.  Higher Crude Oil Prices over the last 12 months
compared to the average oil prices over the last 10 years serve as an indicator
that the long term rate trend in the Crude Oil Price is up. Oil price expectations
should be adjusted accordingly.

Forecast-Chart.com's historical research covers Crude Oil Price data back to
January, 1946. The average price of oil during that period of history was
$21.29. The highest price was $133.93. The lowest oil price was $1.17.  The
high was attained in June, of 2008. The low was achieved in January of 1946.

All crude oil price figures are based on the average daily price per month.

This page provides a five year chart and a forecast for Crude Oil Prices. For
links to longer term charts, look at the links under the five year chart (above).
One link opens a ten year chart. Another opens our longest term graph on
Crude Oil Prices. Just one glance at our long term charts can provide
tremendous insight into the historical trends of the financial markets. The data
table above presents the history of Crude Oil Prices in numerical format.









































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$120
$100
$80
Monthly Crude Spot Oil Price: West Texas Intermediate is plotted in gray. Source: Dow Jones &
Company. The forecast for the target month is shown in green. Other links related to this economic
indicator are below.
Spot Oil Price: West Texas Intermediate - 5 Year History
$60
Spot Oil Price: West Texas Intermediate Forecast
Target Month
Forecast
HDTFA
Forecast for Crude Spot Oil Price: West Texas
Intermediate for the target month indicated.
Measurement is in Dollars per Barrel.
April 2014
$113
$26.9
Updated Tuesday, May 7, 2013.
$40
Crude Oil Price Forecast
$140
$20
$160
$180
Historical Crude Oil Prices
Year
Dollars
Year
Dollars
Year
Dollars
Year
Dollars
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1.4
1.8
2.6
2.6
2.6
2.6
2.6
2.7
2.8
2.8
2.8
3.0
3.1
3.0
3.0
3.0
3.0
3.0
2.9
2.9
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
2.9
3.0
3.1
3.3
3.4
3.6
3.6
3.9
10
11
13
14
15
22
37
37
34
30
29
28
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
15
19
16
20
24
21
21
18
17
18
22
21
14
19
30
26
26
31
41
56
2006
2007
2008
2009
2010
2011
2012
66
72
100
62
79
95
94
Average Crude Oil Prices are shown in this table: 1946 to present
Oil Price Analysis & Forecast
Forecasts, charts and analysis...
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