Weekly crude oil prices have been surging to highs not seen since 2008 as the Russia-Ukraine war has had severe implications for the trading of numerous commodities from oil to wheat. However, by September, high inflation and concerns over a worldwide recession have seen oil prices decrease slightly, which has also affected the outlook for WTI prices for the rest of the year.
The price of West Texas Intermediate (WTI) crude oil is expected to reach an average of 74.43 U.S. dollars per barrel in 2023, according to a July 2023 forecast. West Texas Intermediate crude oil prices from 2018 to 2022, with a forecast until 2024 (in U.S. dollars per barrel)
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Outlook
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Statistics
- Global oil and gas price ratio 1994-2018
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- Domestic first purchase crude oil prices in the U.S. 1975-2022
- 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
- Oil imports barrel price in Brazil 2009-2021
- Major concerns of the Russian population in March 2020
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- Average annual crude oil futures contract 3 prices 1990-2021
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- Crude oil price trend in India FY 2009-2023
- Crude oil futures prices: Cushing Oklahoma 1990-2021
- Annual change rate in average crude oil price in India FY 2012-2021
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Topics

EIA. (July 11, 2023). West Texas Intermediate crude oil prices from 2018 to 2022, with a forecast until 2024 (in U.S. dollars per barrel) [Graph]. In Statista. Retrieved December 06, 2023, from https://www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/
EIA. "West Texas Intermediate crude oil prices from 2018 to 2022, with a forecast until 2024 (in U.S. dollars per barrel)." Chart. July 11, 2023. Statista. Accessed December 06, 2023. https://www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/
EIA. (2023). West Texas Intermediate crude oil prices from 2018 to 2022, with a forecast until 2024 (in U.S. dollars per barrel). Statista. Statista Inc.. Accessed: December 06, 2023. https://www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/
EIA. "West Texas Intermediate Crude Oil Prices from 2018 to 2022, with a Forecast until 2024 (in U.S. Dollars per Barrel)." Statista, Statista Inc., 11 Jul 2023, https://www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/
EIA, West Texas Intermediate crude oil prices from 2018 to 2022, with a forecast until 2024 (in U.S. dollars per barrel) Statista, https://www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/ (last visited December 06, 2023)
West Texas Intermediate crude oil prices from 2018 to 2022, with a forecast until 2024 (in U.S. dollars per barrel) [Graph], EIA, July 11, 2023. [Online]. Available: https://www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/