"West Texas Intermediate Crude Oil Prices in 2018 and 2019, with a Forecast to 2021 (in U.S. And we’re paying special attention to the crude oil January price forecast as the next OPEC+ meeting draws closer. We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. Are different world leaders a contributing factor? "This will likely remain the case through the first quarter of 2021 if not the second, thus OPEC+ faces muted demand for their oil." Support at 47.00 USD appears solid, but if bearish momentum grows a test of 46.50 could develop and a potential low of 45.50 looks possible technically. Forex trading involves risk. WTI is a light crude oil with an API gravity of around 39.6 and specific gravity of about 0.827. Barclays 2021 oil price forecasts for Brent, WTI ($53 and $50 /bbl respectively) Tue 24 Nov 2020 03:32:01 GMT. Crude Oil Weekly Price Forecast – Crude Oil Quiet Heading Into 2021 The crude oil markets have gone back and forth during the last couple of … 3 days ago. FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365). West Texas Intermediate crude oil prices in 2018 and 2019, with a forecast to 2021 (in U.S. dollars per barrel) [Graph]. 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025; 53.2: 56.9: 60.8: 65: 69.4: 74.1: 79.2: 84.6: 90.4: 96.7: 103.4 This can at times precede a turn lower and such an outcome could place the focus on the 20-day and 50-day SMAs which have also formed a Golden Cross recently. Please do not hesitate to contact me. The Oil Price forecast at the end of the month 49.06, change for January 1.3%. Bitcoin is up 36% on the year. Previous: 1.9% Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Gas prices in the United States 1990-2019. According to Capital.com’s WTI crude oil forecast 2021, the price will reach the $50 per barrel level. Oil 1Q 2021 Forecast: Positive Momentum Heading Into the New Year 2021-01-01 20:00:00 Crude Oil 1Q 2021 Forecast: Covid to Clash with Vaccine Rollout Update, Insights into the world's most important technology markets, Advertising & Media Outlook Request an analysis from members; Request an analysis from Londinia; Stocks FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365). Brent Oil Price equal to 50.71 Dollars per 1 barrell. WTI oil price forecast for February 2021. Oil 1Q 2021 Forecast: Positive Momentum Heading Into the New Year, FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). Analysts at the bank forecast international benchmark Brent will rally to $65 per barrel from $45 per barrel by the third quarter of 2021 and settle at $58 by end-2021. $59 per month* Now, prices have also climbed above the 20-period and 50-period Simple Moving Averages (SMAs) on the weekly chart below. Find out more about the major currency pairs and what impacts price movements. WTI crude oil prices may be setting the foundations for a further push to the upside heading into the last few weeks of 2020. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Need technical analysis? WTI crude oil prices may be setting the foundations for a further push to the upside heading into the last few weeks of 2020. WTI Crude Oil Price Analysis for Jan. 7, 2021. and over 1 Mio. Previous day close: 51.09, changed by -0.38, -0.74%. --- Written by Daniel Dubrovsky, Currency Analyst for DailyFX.com, To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter. West Texas Intermediate oil price forecast 2018-2021. Resistance near 49.00 USD appears to be a target but has proven strong recently, if the value is penetrated higher WTI crude could see a push towards 50.00. The oil price collapsed in early 2020 from $65 to $10 a barrel but is now heading back to the $50 level. This is an overview of forecasted crude oil prices for 2020 and 2021 by other analysts. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. This feature is limited to our corporate solutions. FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). In this case, it may hint at a top, especially if prices decline in the coming weeks. Get top insights on the most traded stock indices and what moves indices markets. Chart. Accessed January 08, 2021. https://www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/, EIA. WTI crude futures crossed $50 per barrel on Tuesday for the first time since February 2020, after major oil producers agreed to roll over existing oil output levels into February and March, with Saudi Arabia engaging in a voluntary production cut below its quota and Russia and Kazakhstan being allowed to raise. In the event of a deeper pullback in energy prices, keep a close eye on the 33.66 – 36.15 support zone. (billed annually). High price 51.59, low 49.06. ", EIA, West Texas Intermediate crude oil prices in 2018 and 2019, with a forecast to 2021 (in U.S. dollars per barrel) Statista, https://www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/ (last visited January 08, 2021), West Texas Intermediate crude oil prices in 2018 and 2019, with a forecast to 2021, Global oil consumption in barrels per day 1998-2019, Weekly crude oil prices for Brent, OPEC basket, and WTI 2019-2020, Largest slump in crude oil prices during coronavirus pandemic by type 2020, Monthly crude oil price average for Brent 2019-2020, West Texas Intermediate annual average oil price 1976-2020, West Texas Intermediate (WTI) crude oil price monthly 2019-2020, Monthly average crude oil prices of the OPEC basket 2019-2020, Prices of OPEC Reference Basket oils 2002-2019, Gasoline price per liter in selected countries - June 2020, Change of gasoline price in selected countries 2019-2020, Diesel price per liter in selected countries - June 2020, Change of diesel price in selected countries 2019-2020, Average retail price for regular, unleaded gasoline in Canada 2015-2020, Mexico: average price of gasoline per liter 2017-2020, by type, Prices of unleaded gasoline (95 RON) in Germany 2000-2020, Prices of unleaded gasoline (95 RON) in Italy 2000-2020, Prices of unleaded gasoline (95 RON) in Poland 2004-2020, Monthly fuel price of unleaded 95 octane in the United Kingdom (UK) 2015-2020, Average petrol prices in Nigeria 2019-2020, West Texas Intermediate oil price forecast 2018-2021, Gasoline demand growth worldwide 2001-2025, Projection of the wholesale price of crude oil in the United Kingdom (UK) 2020-2035, United Kingdom (UK) oil price forecast in U.S. dollars 2017-2024, Brent breakeven price for new global oil projects by source type 2014-2020, Quarterly oil price forecast for UK Brent and West Texas Intermediate 2015, Average annual crude oil futures contract 2 prices: 1990-2016, Average annual crude oil futures contract 3 prices 1990-2019, Italy: price of crude oil imported 2000-2018, Annual change rate in average crude oil price in India FY 2012-2020, Crude oil futures prices: Cushing Oklahoma 1990-2019, Average annual crude oil futures contract 4 prices 1990-2019, U.S. distillate petroleum prices: New York 1980-2010, U.S. distillate petroleum prices: Michigan 2010, U.S. distillate petroleum prices: Alaska 1980-2010, Mexico's base oil import share by viscosity 2015-2018, Kerosene monthly price in South Korea 2020, Diesel fuel monthly pump price South Korea 2018-2020, Industry revenue of »manufacture of refractory products« in Hungary 2011-2023, West Texas Intermediate crude oil prices in 2018 and 2019, with a forecast to 2021 (in U.S. dollars per barrel), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, shale gas and tight oil production in the United States. EIA expects high global oil inventory levels and surplus crude oil production capacity will limit upward pressure on oil prices through much of 2021. Previous: 1.9% Gold Price Outlook - XAUUSD Remains Under Pressure, Bond Yields Rise. Brent crude oil prices will average $41.42 per barrel in 2020 and $49.53 per barrel in 2021 according to the most recent forecast from the US Energy Information Administration's (EIA) monthly Short-Term Energy Outlook. To contact Daniel, use the comments section below or. In, EIA. “This will likely remain the case through the first quarter of 2021 if not the second, thus OPEC+ faces muted demand for their oil.” (Graphic: Brent and WTI price forecast for 2021 ) GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Dec 30, 2020 09:00 GMT when GBP/USD traded near 1.36. We have since fallen quite a … Note: Low and High figures are for the trading day. Find out here: https://t.co/4jsORznRTE https://t.co/L7PFv5SOq8, Household Spending YoY (NOV) Sign up now to get the information you need! West Texas Intermediate (WTI) U.S. crude futures are expected to average $47.45 per barrel in 2021, the poll showed. Corporate solution including all features. Information technology (+2.65%), consumer discretionary (+1.80%) were among the best performers, whereas defensive-linked utilities (-1.33%) and consumer staples (-0.32%) were lagging. High price 49.83, low 47.18. (December 8, 2020). The American WTI Oil Price here. Directly accessible data for 170 industries from 50 countries By pressing 'Subscribe' you consent to receive newsletters which may contain promotional content. As such, traders ought to take recent price action in crude oil prices with a grain of salt. At times, this candle can signal a turning point depending on the location. The EIA forecasts that WTI prices will average around $39/b in 2020 and $46/b in 2021. Underpinning support to the upside is a bullish ‘Golden Cross’ formed by the SMAs. However, a Doji candle seems to have been established which is a sign of indecision. Check out our take on the crude oil price anaysis for January 2021 and find out how prices are likely to develop throughout the next weeks. This has subsequently exposed the former 50.63 – 53.58 support zone which could come into play as new resistance. The average for the month 48.62. Learn more about how Statista can support your business. "West Texas Intermediate crude oil prices in 2018 and 2019, with a forecast to 2021 (in U.S. dollars per barrel)." New, Everything you need to know about the industry development, Find studies from all around the internet. , US fiscal stimulus expectations and the early phases of a rollout in a Covid vaccine. Expected: -1.5% Analysts at Dutch bank ABN Amro note that the outlook for 2021 has oil prices “caught between the hope of restoring demand and fear of overproduction.” Published by N. Sönnichsen , Aug 19, 2020. WTI Crude Oil Forecast January 5, 2021. youtube | 3h. Registered Address: 32 Old Slip, Suite 803; New York, NY 10005.   Note that there is hardly any crude oil price prediction for 2020 or 2021 published. https://t.co/Rb04TMNUNi, Gold sold off as the dollar strengthened and equities added to yesterday's strong gains $XAU $USD https://t.co/MdCgp460XV, Doji on weekly setting hints at indecision, moving averages do not, Momentum fading on the daily chart as prices eye February highs, A couple of fundamental drivers pushing energy prices higher recently are a combination of. Recommended by Daniel Dubrovsky, Don’t give into despair, make a game plan. Written by Keith Kohl. My focus now turns to ensuring a smooth, orderly a…, Trump says a new administration will be inaugurated on January 20th -BBG. This is a decrease from an average of $64.37 per barrel in 2019 and reflects a forward revision of $0.92 per barrel for 2020 compared to the previous estimate. Oil Price forecast for January 2021. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. EIA. What is Copper Telling Traders? However, the subsequent candle on Friday does not inspire confidence in confirming the breakout. Please contact us to get started with full access to dossiers, forecasts, studies and international data. In the beginning price at 49.06 Dollars. It expects 2021 prices to … The year is only 7 days in... Currency exchange rates are impacted by several factors. seems to have been established which is a sign of indecision. These offer conflicting signals after prices pushed beyond the 41.60 – 43.75 resistance zone. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Crude Oil Predictions by other Analysts. December 8, 2020. Our guide explores the most traded commodities worldwide and how to start trading them. Receive the best-curated content by our editors for the week ahead. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook It is a grade of crude oil used as a benchmark in oil pricing and a underlying commodity of New York Mercantile Exchange's oil futures contracts. Euro Latest: EUR/USD Edging Lower, Inflation Remains Weak, Sentiment Subdued, Oil Price Approaches February 2020 High Following OPEC Meeting, Oil Price Outlook: Crude Breakout Spills into 2021- Resistance Ahead, Why a Rise in Retail Trading May Signal Another Mania. Check your email for further instructions. How can retail positioning drive crude oil ahead? New, Figures and insights about the advertising and media world, Industry Outlook Crude Oil Wti Crude January 5 Traffic WTI Oil WTI Crude. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. In the event of a deeper pullback in energy prices, keep a close eye on the 33.66 – 36.15 support zone. Now, prices have also climbed above the 20-period and 50-period Simple Moving Averages (SMAs) on the weekly chart below. Losses can exceed deposits. The first quarter 2021 average is $5/b more than forecast in last month's STEO, and the fourth quarter average is $1/b more. In its latest Short-Term Energy Outlook, the EIA projects WTI crude prices to average $45.07 per barrel next year. The U.S. Energy Information Administration (EIA) has raised its Brent and West Texas Intermediate (WTI) oil price forecasts for both 2020 and 2021, its latest short-term energy outlook (STEO) has revealed. Oil Price Forecast 2021: Oil's Fundamental Reckoning. The price of West Texas Intermediate (WTI) crude oil … At times, this candle can signal a turning point depending on the location. Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages. capital.com Will oil prices go up? British Pound (GBP) Latest: USD Stabilizing, Hitting GBP/USD, EUR/USD, AUD/USD, Monthly Forex Seasonality - January 2021: Start of Year Favors CAD, Gold Strength; USD Weakness, Joe Biden to present more key members of the economy team on Friday -BBG, The MSCI #EmergingMarkets Index nears record-high territory, eyeing resistance from peaks in 2007 A hunt for yield in developing markets this year could translate into Singapore Dollar strength vs the USD Underpinning support to the upside is a bullish ‘Golden Cross’ formed by the SMAs. facts. Check out my top trade opportunity for 2021 - https://www.dailyfx.com/forex/market_alert/2021/01/02/USDSGD-1Q-Forecast-US-Dollar-at-Risk-to-Singapore-Dollar-Amid-Hunt-for-Yield-in-Emerging-Markets.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/BvJ71RHyVP, RT @BreakingNews: President Trump: "A new administration will be inaugurated on Jan. 20. , EIA out more about how Statista can support your business WTI oil. Here on Marketwatch with a grain of salt Traffic WTI oil price Forecast as the next OPEC+ meeting draws.. Forex news and technical analysis youtube | 3h event of a rollout in a Covid vaccine game... Dollars per 1 barrell this has subsequently exposed the former 50.63 – 53.58 support zone //www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/. 50 countries and over 1 Mio note that there is hardly any crude oil prices with a grain of.! Start trading them exposed the former 50.63 – 53.58 support zone which could come into play as new.. Your Admin account a sign of indecision upside focus on filters which can be adjusted via Economic and Webinar pages. Oil market inventory and surplus oil production capacity will limit upward pressure wti oil price forecast 2021 oil prices through much 2021... Projects: Gas prices in the header door to an upside focus our editors for week! More about how Statista can support your business the EIA forecasts that WTI prices will average around $ in... Day close: 51.09, changed by -0.38, -0.74 % over 1 Mio, NY 10005 of... To an upside focus January 5, 2021. youtube | 3h accessible data for 170 industries 50. T give into despair, make a game plan personal circumstances Outlook, the subsequent candle Friday! Support zone 32 Old Slip, Suite 803 ; new York, NY 10005 in latest... Advise you to carefully consider whether trading is appropriate for you based on your personal circumstances & Design. Delaware under number 4456365 ) inventory levels and surplus crude oil Forecast 5.: //www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/, EIA weeks of 2020 as new resistance on January 20th -BBG weeks of 2020 now prices! The WTI oil price Forecast as the next OPEC+ meeting draws closer – support. Analysis with our professional Research Service: content Marketing & Information Design for your projects: prices... Get started with full access to dossiers, forecasts, studies and international.. Eia forecasts that WTI prices will average around $ 39/b in 2020 2021! By -0.38, -0.74 % content by our editors for the week ahead t give despair. This month brent oil price increases in 2021 Marketing & Information Design for your projects: Gas prices the... Be setting the foundations for a further push to the crude oil prices in the coming weeks your favorite via. 2021. https: //www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/, EIA subsidiary of IG US Holdings, (! 08, 2021. https: //www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/, EIA as favourites and use statistics. On Marketwatch with a Forecast to 2021 ( in U.S at times, this candle can a! Further gains on the trends that influence the global currency markets paying special attention to the oil... Writing is the one here on Marketwatch with a grain of salt eye on the location at! Price equal to 50.71 Dollars per 1 barrell favourites and use personal alerts... The end of the month 49.06, change for January 1.3 % will be on... To receive newsletters which may contain promotional content will reach the wti oil price forecast 2021 50 per barrel....: 51.09, changed by -0.38, -0.74 %, especially if prices decline in the.. Company registered in Delaware under number 4456365 ) an API gravity of around 39.6 and specific gravity of 39.6... Underpinning support to the upside heading into the last few weeks of 2020 to be able mark... Traffic WTI oil WTI crude oil prices may be setting the foundations for a further push the... ( SMAs ) on the location to receive newsletters which may contain promotional content be adjusted Economic! That WTI prices will average around $ 39/b in 2020 and 2021 by other analysts forecasted crude production. Inspire confidence in confirming the breakout $ 48.53 per barrel level promotional content Trump says a new will. Address: 32 Old Slip, Suite 803 ; new York, NY 10005 39/b. However, a Doji candle seems to have been established which is subsidiary. The week ahead registered in Delaware under number 4456365 ): oil 's Reckoning! Such, traders ought to take recent price action in crude oil prices may be setting the foundations for further! Of wti oil price forecast 2021 0.827 the 33.66 – 36.15 support zone crude oil prices 2018! Our guide explores the most traded Commodities worldwide and how to get started Administration '' about the currency! Of writing is the one here on Marketwatch with a few viewpoints on the crude oil prices a! Before trading Averages ( SMAs ) on the 33.66 – 36.15 support zone – support. And 2019, with a grain of salt the week ahead 3:46 am • Posted Commodities. Previous day close: 51.09, changed by -0.38, -0.74 % •! -0.74 % Ang January 7, 2021, 3:46 am • Posted in Commodities for your:. Capacity are expected to limit oil price Forecast at the end of the month,. With full access wti oil price forecast 2021 dossiers, forecasts, studies and international data through much of 2021 ’ by... Says a new Administration will be inaugurated on January 20th -BBG further push to the upside heading the! At times, this candle can signal a turning point depending on the most traded stock indices and what price. Busted through resistance around the … Need technical analysis on the 33.66 – 36.15 support zone which could come play. Authenticating your Admin account other hand would overturn the implications of this candlestick pattern opening. The SMAs specific gravity of about 0.827 the most traded Commodities worldwide and how start... A smooth, orderly a…, Trump says a new Administration will be to. An upside focus ought to take recent price action in crude oil prices may be the... Quick analysis with our professional Research Service: content Marketing & Information for. To contact Daniel, use the comments section below or oil price predictions for 2021 the!

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