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Commentary 29640
August, 2019 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 $59 next
September. The table shows a HDTFA of $16 which suggests that Oil Prices in
September, 2020 could easily fall between $75 and $43. 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 55
Last Year . . . . . . . . . . . . . . . . . . . . 59
Last 5 Years 54
Last 10 Years . . . . . . . . . . . . . . . . . 73
Last 20 Years 61
Crude Oil Prices: Highs & Lows
High (Last 12 Months) 71 (October, 2018)
Low (Last 12 Months) 50 (December, 2018)
High (Since January, 1946) 134 (June, 2008)
Low (Since January, 1946) 1 (January, 1931)
The Crude Oil Price for August, 2019 was $54.81. That's $2.54 lower than the
July, 2019 average price which was $57.35. It is $13.25 lower than the August,
2018 price of $68.06. The fall in Crude Oil Prices from July to August indicates
that the short term Crude Oil Price trend has been down. If that trend continues,
we should see a crude oil price in September, 2019 that is close to $52.
Over the last year oil prices have averaged $58.62. The average price over
the last 10 years was $73.04. Lower Crude Oil Prices over the last 12 months
compared to the average prices over the last 10 years serve as an indicator
that the long term rate trend in the Crude Oil Price is down. 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
$20.60. The highest price was $133.93. The lowest oil price was $0.65. The
high was attained in June, of 2008. The low was achieved in January of 1931.
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.
Data Source: U.S. Energy Information Administration, Crude Oil Prices: West
Texas Intermediate (WTI) - Cushing, Oklahoma [MCOILWTICO], retrieved from
FRED, Federal Reserve Bank of St. Louis;
https://fred.stlouisfed.org/series/MCOILWTICO
SignalTrend Inc. 2008 - 2019; All rights reserved.
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
August, 2019 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 $59 next
September. The table shows a HDTFA of $16 which suggests that Oil Prices in
September, 2020 could easily fall between $75 and $43. 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 55
Last Year . . . . . . . . . . . . . . . . . . . . 59
Last 5 Years 54
Last 10 Years . . . . . . . . . . . . . . . . . 73
Last 20 Years 61
Crude Oil Prices: Highs & Lows
High (Last 12 Months) 71 (October, 2018)
Low (Last 12 Months) 50 (December, 2018)
High (Since January, 1946) 134 (June, 2008)
Low (Since January, 1946) 1 (January, 1931)
The Crude Oil Price for August, 2019 was $54.81. That's $2.54 lower than the
July, 2019 average price which was $57.35. It is $13.25 lower than the August,
2018 price of $68.06. The fall in Crude Oil Prices from July to August indicates
that the short term Crude Oil Price trend has been down. If that trend continues,
we should see a crude oil price in September, 2019 that is close to $52.
Over the last year oil prices have averaged $58.62. The average price over
the last 10 years was $73.04. Lower Crude Oil Prices over the last 12 months
compared to the average prices over the last 10 years serve as an indicator
that the long term rate trend in the Crude Oil Price is down. 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
$20.60. The highest price was $133.93. The lowest oil price was $0.65. The
high was attained in June, of 2008. The low was achieved in January of 1931.
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.
Data Source: U.S. Energy Information Administration, Crude Oil Prices: West
Texas Intermediate (WTI) - Cushing, Oklahoma [MCOILWTICO], retrieved from
FRED, Federal Reserve Bank of St. Louis;
https://fred.stlouisfed.org/series/MCOILWTICO
SignalTrend Inc. 2008 - 2019; All rights reserved.
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
| $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.
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 |
| $40 |
| $140 |
| $20 |
| $160 |
| $180 |
Crude Oil Price Forecast
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Oil Price Analysis & Forecast
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