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Crude Oil Price Forecasts

Energy & Metals Consensus Forecasts is the result of a comprehensive quarterly survey of over 30 of the world’s most prominent commodity forecasters covering over 25 individual commodity price forecasts including crude oil.

The only publication of its kind, Energy & Metals Consensus Forecasts contains detailed consensus and individual analyst price forecasts for the next 10 quarters as well as the long-term outlook.

Crude Oil Price Forecasts Image

The publication has many practical uses including commodity investment analysis, risk management, corporate planning, and budgeting. The commodities covered have been selected for their global appeal and traded on prominent futures markets such as the London Metal Exchange (LME), New York Mercantile Exchange (NYMEX) and InterContinental Exchange (ICE). For example, the crude oil forecasts below are based on spot prices for West Texas Intermediate crude oil.

West Texas Intermediate Crude Oil Price Forecasts From Survey of October 26, 2009
(US$/barrel)
Survey Date
Spot Price US$78.68/barrel		 Dec 09 Mar 10 Jun
10 		Sep 10 % Change from spot Dec 10 Mar 11 Jun 11 Sep 11 Dec 11
ANZ 90.00 95.00 92.00 92.00 16.9% Download the sample issue
Scotiabank 82.00 85.00 90.00 90.00 14.4% below to see the complete table
Societe Generale 72.50 75.00 80.00 87.50 11.2% of forecasts, price charts,
Barclays Capital 76.00 85.00 80.00 85.00 8.0% and written analysis.
Morgan Stanley 65.00 85.00 85.00 85.00 8.0%
National
Australia Bank		 74.00 77.00 80.00 82.00 4.2%
BIPE 76.33 80.30 78.00 81.00 2.9%
GKI Research 75.00 70.00 75.00 80.00 1.7%
Bank of America 64.00 67.00 72.00 79.00 0.4%
Macquarie Bank 52.00 56.00 70.00 78.00 -0.9%
RBS 72.00 77.00 77.00 77.00 -2.1%
Commonwealth Bank 70.11 66.50 72.00 75.50 -4.0%
Wilson HTM 69.29 72.85 72.85 75.26 -4.3%
Access Economics 73.99 74.05 74.57 75.09 -4.6%
BNP Paribas 66.00 73.00 75.00 75.00 -4.7%
Westpac 75.00 73.00 67.00 75.00 -4.7%
Investec 67.00 73.00 73.00 73.00 -7.2%
ABARE 70.10 71.00 71.70 72.60 -7.7%
Oxford Economics 77.97 75.41 70.19 71.84 -8.7%
Econ Intelligence Unit 76.27 80.80 75.75 70.70 -10.1%
CIBC 75.00 65.00 68.00 70.00 -11.0%
JP Morgan 70.00 70.00 65.00 70.00 -11.0%
UBS 65.00 70.00 70.00 70.00 -11.0%
Cntr for Global Energy Std 71.90 72.40 73.30 69.10 -12.2%
Citigroup 65.00 65.00 65.00 65.00 -17.4%
Credit Suisse 60.00 62.00 55.00 60.00 -23.7%
Deutsche Bank 75.00 75.00 65.00 60.00 -23.7%
PK Verleger 70.00 35.00 45.00 50.00 -36.5%
Consensus (Mean) 71.30 72.37 72.76 74.81 -4.9%
High 90.00 95.00 92.00 92.00 -
Low 52.00 35.00 45.00 50.00 -
Standard Deviation 7.15 10.81 9.41 9.29 -

The table above shows a portion of crude oil price forecasts taken from the October 2009 issue of Energy & Metals Consensus Forecasts. A complete sample issue of the publication, which also includes forecasts for Gasoline & Heating Oil, Gas Oil, Natural Gas, Coal and Uranium, as well as base, ferrous and precious metals, can be downloaded in PDF format by clicking the link below and registering your details.


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