Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil - data, forecasts, historical chart - was last updated on April of 2020. Crude oil is expected to trade at 23.67 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Crude Oil Price Forecast Forecast of Crude Oil Price (WTI) Below is a forecast of crude oil prices that is based on prior values of both WTI and Brent crude oil prices, global oil production and consumption, currency exchange rates, other commodity prices and economic indicators. To learn more about how this forecast is produced, please see our methodology page.