Commodity Forecast Gold And Oil Are On The Rise

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Commodity Report: Oil forecast April 2020 [Video]

Oil fell towards $20 a barrel on Wednesday, within sight of its lowest in 18 years, as a report showing a big rise in U.S. inventories and a widening rift within OPEC heightened oversupply concerns.

Pledges of higher output from Saudi Arabia and Russia after a supply pact collapsed and a slide in demand because of the coronavirus outbreak have hammered the market.

Underlining supply glut fears, the American Petroleum Institute reported a weekly rise in U.S. crude inventories of 10.5 million barrels, far exceeding forecasts for a 4 million barrel increase.

U.S. President Donald Trump on Tuesday said he would join Saudi Arabia and Russia, if need be, for talks about the fall in oil prices.

Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Crude Oil with the latest price forecast and predictions:

Trading has large potential rewards, but also large potential risk and may not be suitable for all investors. The value of your investments and income may go down as well as up. You should not speculate with capital that you cannot afford to lose. Ensure you fully understand the risks and seek independent advice if necessary.

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EUR/USD trades closer to 1.09 amid extraordinary Fed action, terrible jobless claims

EUR/USD is trading below 1.09 after the Fed injects $2.3 trillion in additional loans and while US jobless claims are above 6.6 million, worse than expected. Eurogroup meetings are eyed.

GBP/USD trades around 1.24 after as Johnson’s condition, US data eyed

GBP/USD is trading around 1.24, consolidating its gains as UK monthly GDP disappoints with -0.1% in February. PM Johnson’s condition is stable, but he remains in intensive care. US jobless claims, consumer confidence, and Powell’s speech are awaited.

Crypto market shifting to the hyperspace

The typical pattern expects the participation of second-line Altcoins, such as Litecoin or Ethereum Classic. The current phase can cause occasional periods with a strong increase in volatility. The bulls have the advantage over the bears, but they don’t yet have market control.

WTI consolidates the upside near $26 amid imminent OPEC+ output cuts

WTI (oil futures on NYMEX) is consolidating the advance to a new two-day high of 26.66, as the bulls take a breather the recent bounce back from near 25.60 region. At the press time, the US oil trades at 26.05, still up 3.80% so far.

Gold: Recovery rally weakens demand for put options

Gold has gained significant ground over the last couple of weeks. The yellow metal bottomed out near $1,515 on March 20 and was last seen trading near $1,650 per ounce, representing a 0.38% gain on the day. Prices hit a high of $1,678 on Tuesday.

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OIL PRICE FORECAST FOR 2020, 2021, 2022 AND 2023

2020/04/09. Oil Price Today.

Actual European Brent Oil Price equal to 33.43 Dollars per 1 barrell. Today’s range: 32.60-34.82. Previous day close: 32.84. Change for today +0.59, +1.80%. American WTI Oil Price here.

Recent changes:

Period 2 Days 3 Days 1 Week 2 Weeks 1 Month
Chng,% +3.18% +0.39% +12.07% +24.74% -11.75%
Ex-Rate 32.40 33.30 29.83 26.80 37.88

Oil Price Forecast For 2020, 2021, 2022, 2023 And 2024

Month Open Low-High Close Mo,% Total,%
2020
Apr 25.54 25.45-36.29 33.87 32.6% 32.6%
May 33.87 33.69-34.71 34.20 1.0% 33.9%
Jun 34.20 31.60-34.20 32.08 -6.2% 25.6%
Jul 32.08 29.64-32.08 30.09 -6.2% 17.8%
Aug 30.09 27.80-30.09 28.22 -6.2% 10.5%
Sep 28.22 28.22-30.30 29.85 5.8% 16.9%
Oct 29.85 29.85-31.40 30.94 3.7% 21.1%
Nov 30.94 30.20-31.12 30.66 -0.9% 20.0%
Dec 30.66 30.38-31.30 30.84 0.6% 20.8%
2021
Jan 30.84 30.07-30.99 30.53 -1.0% 19.5%
Feb 30.53 28.21-30.53 28.64 -6.2% 12.1%
Mar 28.64 28.56-29.42 28.99 1.2% 13.5%
Apr 28.99 26.78-28.99 27.19 -6.2% 6.5%
May 27.19 27.19-28.71 28.29 4.0% 10.8%
Jun 28.29 28.29-30.49 30.04 6.2% 17.6%
Jul 30.04 30.04-31.52 31.05 3.4% 21.6%
Aug 31.05 31.05-33.47 32.98 6.2% 29.1%
Sep 32.98 30.48-32.98 30.94 -6.2% 21.1%
Oct 30.94 28.58-30.94 29.02 -6.2% 13.6%
Nov 29.02 26.81-29.02 27.22 -6.2% 6.6%
Dec 27.22 27.22-29.34 28.91 6.2% 13.2%
2022
Jan 28.91 28.09-28.95 28.52 -1.3% 11.7%
Feb 28.52 28.52-30.74 30.29 6.2% 18.6%
Mar 30.29 30.29-32.31 31.83 5.1% 24.6%
Apr 31.83 31.83-33.35 32.86 3.2% 28.7%
Month Open Low-High Close Mo,% Total,%
2022 Continuation
May 32.86 31.50-32.86 31.98 -2.7% 25.2%
Jun 31.98 31.98-33.78 33.28 4.1% 30.3%
Jul 33.28 33.28-35.11 34.59 3.9% 35.4%
Aug 34.59 34.59-37.18 36.63 5.9% 43.4%
Sep 36.63 36.63-39.48 38.90 6.2% 52.3%
Oct 38.90 38.90-41.93 41.31 6.2% 61.7%
Nov 41.31 41.31-42.96 42.33 2.5% 65.7%
Dec 42.33 42.33-45.35 44.68 5.6% 74.9%
2023
Jan 44.68 42.77-44.68 43.42 -2.8% 70.0%
Feb 43.42 41.69-43.42 42.32 -2.5% 65.7%
Mar 42.32 40.09-42.32 40.70 -3.8% 59.4%
Apr 40.70 38.08-40.70 38.66 -5.0% 51.4%
May 38.66 37.92-39.08 38.50 -0.4% 50.7%
Jun 38.50 37.80-38.96 38.38 -0.3% 50.3%
Jul 38.38 38.38-41.37 40.76 6.2% 59.6%
Aug 40.76 40.76-43.20 42.56 4.4% 66.6%
Sep 42.56 41.30-42.56 41.93 -1.5% 64.2%
Oct 41.93 41.93-44.38 43.72 4.3% 71.2%
Nov 43.72 43.72-47.13 46.43 6.2% 81.8%
Dec 46.43 42.90-46.43 43.55 -6.2% 70.5%
2024
Jan 43.55 42.94-44.24 43.59 0.1% 70.7%
Feb 43.59 43.59-45.65 44.98 3.2% 76.1%
Mar 44.98 44.98-48.49 47.77 6.2% 87.0%
Apr 47.77 47.77-51.49 50.73 6.2% 98.6%
May 50.73 50.73-53.32 52.53 3.5% 105.7%

Oil Price forecast for April 2020.
In the beginning price at 25.54 Dollars. High price 36.29, low 25.45. The average for the month 30.29. The Oil Price forecast at the end of the month 33.87, change for April 32.6%.

Brent oil price forecast for May 2020.
In the beginning price at 33.87 Dollars. High price 34.71, low 33.69. The average for the month 34.12. The Oil Price forecast at the end of the month 34.20, change for May 1.0%.

Oil Price forecast for June 2020.
In the beginning price at 34.20 Dollars. High price 34.20, low 31.60. The average for the month 33.02. The Oil Price forecast at the end of the month 32.08, change for June -6.2%.

Brent oil price forecast for July 2020.
In the beginning price at 32.08 Dollars. High price 32.08, low 29.64. The average for the month 30.97. The Oil Price forecast at the end of the month 30.09, change for July -6.2%.

Oil Price forecast for August 2020.
In the beginning price at 30.09 Dollars. High price 30.09, low 27.80. The average for the month 29.05. The Oil Price forecast at the end of the month 28.22, change for August -6.2%.

Brent oil price forecast for September 2020.
In the beginning price at 28.22 Dollars. High price 30.30, low 28.22. The average for the month 29.15. The Oil Price forecast at the end of the month 29.85, change for September 5.8%.

Oil Price forecast for October 2020.
In the beginning price at 29.85 Dollars. High price 31.40, low 29.85. The average for the month 30.51. The Oil Price forecast at the end of the month 30.94, change for October 3.7%.

Brent oil price forecast for November 2020.
In the beginning price at 30.94 Dollars. High price 31.12, low 30.20. The average for the month 30.73. The Oil Price forecast at the end of the month 30.66, change for November -0.9%.

Oil Price forecast for December 2020.
In the beginning price at 30.66 Dollars. High price 31.30, low 30.38. The average for the month 30.80. The Oil Price forecast at the end of the month 30.84, change for December 0.6%.

Brent oil price forecast for January 2021.
In the beginning price at 30.84 Dollars. High price 30.99, low 30.07. The average for the month 30.61. The Oil Price forecast at the end of the month 30.53, change for January -1.0%.

Oil Price forecast for February 2021.
In the beginning price at 30.53 Dollars. High price 30.53, low 28.21. The average for the month 29.48. The Oil Price forecast at the end of the month 28.64, change for February -6.2%.

Brent oil price forecast for March 2021.
In the beginning price at 28.64 Dollars. High price 29.42, low 28.56. The average for the month 28.90. The Oil Price forecast at the end of the month 28.99, change for March 1.2%.

Oil Price forecast for April 2021.
In the beginning price at 28.99 Dollars. High price 28.99, low 26.78. The average for the month 27.99. The Oil Price forecast at the end of the month 27.19, change for April -6.2%.

Brent oil price forecast for May 2021.
In the beginning price at 27.19 Dollars. High price 28.71, low 27.19. The average for the month 27.85. The Oil Price forecast at the end of the month 28.29, change for May 4.0%.

Oil Price forecast for June 2021.
In the beginning price at 28.29 Dollars. High price 30.49, low 28.29. The average for the month 29.28. The Oil Price forecast at the end of the month 30.04, change for June 6.2%.

Brent oil price forecast for July 2021.
In the beginning price at 30.04 Dollars. High price 31.52, low 30.04. The average for the month 30.66. The Oil Price forecast at the end of the month 31.05, change for July 3.4%.

Oil Price forecast for August 2021.
In the beginning price at 31.05 Dollars. High price 33.47, low 31.05. The average for the month 32.14. The Oil Price forecast at the end of the month 32.98, change for August 6.2%.

Brent oil price forecast for September 2021.
In the beginning price at 32.98 Dollars. High price 32.98, low 30.48. The average for the month 31.85. The Oil Price forecast at the end of the month 30.94, change for September -6.2%.

Oil Price forecast for October 2021.
In the beginning price at 30.94 Dollars. High price 30.94, low 28.58. The average for the month 29.87. The Oil Price forecast at the end of the month 29.02, change for October -6.2%.

Brent oil price forecast for November 2021.
In the beginning price at 29.02 Dollars. High price 29.02, low 26.81. The average for the month 28.02. The Oil Price forecast at the end of the month 27.22, change for November -6.2%.

Oil Price forecast for December 2021.
In the beginning price at 27.22 Dollars. High price 29.34, low 27.22. The average for the month 28.17. The Oil Price forecast at the end of the month 28.91, change for December 6.2%.

Brent oil price forecast for January 2022.
In the beginning price at 28.91 Dollars. High price 28.95, low 28.09. The average for the month 28.62. The Oil Price forecast at the end of the month 28.52, change for January -1.3%.

Oil Price forecast for February 2022.
In the beginning price at 28.52 Dollars. High price 30.74, low 28.52. The average for the month 29.52. The Oil Price forecast at the end of the month 30.29, change for February 6.2%.

Brent oil price forecast for March 2022.
In the beginning price at 30.29 Dollars. High price 32.31, low 30.29. The average for the month 31.18. The Oil Price forecast at the end of the month 31.83, change for March 5.1%.

Oil Price forecast for April 2022.
In the beginning price at 31.83 Dollars. High price 33.35, low 31.83. The average for the month 32.47. The Oil Price forecast at the end of the month 32.86, change for April 3.2%.

Brent oil price forecast for May 2022.
In the beginning price at 32.86 Dollars. High price 32.86, low 31.50. The average for the month 32.30. The Oil Price forecast at the end of the month 31.98, change for May -2.7%.

Oil Price forecast for June 2022.
In the beginning price at 31.98 Dollars. High price 33.78, low 31.98. The average for the month 32.76. The Oil Price forecast at the end of the month 33.28, change for June 4.1%.

Brent oil price forecast for July 2022.
In the beginning price at 33.28 Dollars. High price 35.11, low 33.28. The average for the month 34.07. The Oil Price forecast at the end of the month 34.59, change for July 3.9%.

Oil Price forecast for August 2022.
In the beginning price at 34.59 Dollars. High price 37.18, low 34.59. The average for the month 35.75. The Oil Price forecast at the end of the month 36.63, change for August 5.9%.

Brent oil price forecast for September 2022.
In the beginning price at 36.63 Dollars. High price 39.48, low 36.63. The average for the month 37.91. The Oil Price forecast at the end of the month 38.90, change for September 6.2%.

Oil Price forecast for October 2022.
In the beginning price at 38.90 Dollars. High price 41.93, low 38.90. The average for the month 40.26. The Oil Price forecast at the end of the month 41.31, change for October 6.2%.

Brent oil price forecast for November 2022.
In the beginning price at 41.31 Dollars. High price 42.96, low 41.31. The average for the month 41.98. The Oil Price forecast at the end of the month 42.33, change for November 2.5%.

Oil Price forecast for December 2022.
In the beginning price at 42.33 Dollars. High price 45.35, low 42.33. The average for the month 43.67. The Oil Price forecast at the end of the month 44.68, change for December 5.6%.

Brent oil price forecast for January 2023.
In the beginning price at 44.68 Dollars. High price 44.68, low 42.77. The average for the month 43.89. The Oil Price forecast at the end of the month 43.42, change for January -2.8%.

Oil Price forecast for February 2023.
In the beginning price at 43.42 Dollars. High price 43.42, low 41.69. The average for the month 42.71. The Oil Price forecast at the end of the month 42.32, change for February -2.5%.

Brent oil price forecast for March 2023.
In the beginning price at 42.32 Dollars. High price 42.32, low 40.09. The average for the month 41.36. The Oil Price forecast at the end of the month 40.70, change for March -3.8%.

Oil Price forecast for April 2023.
In the beginning price at 40.70 Dollars. High price 40.70, low 38.08. The average for the month 39.54. The Oil Price forecast at the end of the month 38.66, change for April -5.0%.

Brent oil price forecast for May 2023.
In the beginning price at 38.66 Dollars. High price 39.08, low 37.92. The average for the month 38.54. The Oil Price forecast at the end of the month 38.50, change for May -0.4%.

Oil Price forecast for June 2023.
In the beginning price at 38.50 Dollars. High price 38.96, low 37.80. The average for the month 38.41. The Oil Price forecast at the end of the month 38.38, change for June -0.3%.

Brent oil price forecast for July 2023.
In the beginning price at 38.38 Dollars. High price 41.37, low 38.38. The average for the month 39.72. The Oil Price forecast at the end of the month 40.76, change for July 6.2%.

Oil Price forecast for August 2023.
In the beginning price at 40.76 Dollars. High price 43.20, low 40.76. The average for the month 41.82. The Oil Price forecast at the end of the month 42.56, change for August 4.4%.

Brent oil price forecast for September 2023.
In the beginning price at 42.56 Dollars. High price 42.56, low 41.30. The average for the month 42.09. The Oil Price forecast at the end of the month 41.93, change for September -1.5%.

Oil Price forecast for October 2023.
In the beginning price at 41.93 Dollars. High price 44.38, low 41.93. The average for the month 42.99. The Oil Price forecast at the end of the month 43.72, change for October 4.3%.

Brent oil price forecast for November 2023.
In the beginning price at 43.72 Dollars. High price 47.13, low 43.72. The average for the month 45.25. The Oil Price forecast at the end of the month 46.43, change for November 6.2%.

Oil Price forecast for December 2023.
In the beginning price at 46.43 Dollars. High price 46.43, low 42.90. The average for the month 44.83. The Oil Price forecast at the end of the month 43.55, change for December -6.2%.

Brent oil price forecast for January 2024.
In the beginning price at 43.55 Dollars. High price 44.24, low 42.94. The average for the month 43.58. The Oil Price forecast at the end of the month 43.59, change for January 0.1%.

Oil Price forecast for February 2024.
In the beginning price at 43.59 Dollars. High price 45.65, low 43.59. The average for the month 44.45. The Oil Price forecast at the end of the month 44.98, change for February 3.2%.

Brent oil price forecast for March 2024.
In the beginning price at 44.98 Dollars. High price 48.49, low 44.98. The average for the month 46.56. The Oil Price forecast at the end of the month 47.77, change for March 6.2%.

Oil Price forecast for April 2024.
In the beginning price at 47.77 Dollars. High price 51.49, low 47.77. The average for the month 49.44. The Oil Price forecast at the end of the month 50.73, change for April 6.2%.

Brent oil price forecast for May 2024.
In the beginning price at 50.73 Dollars. High price 53.32, low 50.73. The average for the month 51.83. The Oil Price forecast at the end of the month 52.53, change for May 3.5%.

WTI Oil Price Today.

Actual American WTI Oil Price equal to 25.89 Dollars per 1 barrell. Today’s range: 24.97-27.46. Previous day close: 25.09. Change for today +0.80, +3.19%.

Recent changes:

Period 2 Days 3 Days 1 Week 2 Weeks 1 Month
Chng,% +6.72% -1.56% +4.61% +11.69% -25.71%
Ex-Rate 24.26 26.30 24.75 23.18 34.85

WTI Oil Price Forecast For 2020, 2021, 2022, 2023 And 2024

Month Open Low-High Close Mo,% Total,%
2020
Apr 21.20 20.76-29.13 25.12 18.5% 18.5%
May 25.12 23.78-25.12 24.14 -3.9% 13.9%
Jun 24.14 22.30-24.14 22.64 -6.2% 6.8%
Jul 22.64 20.92-22.64 21.24 -6.2% 0.2%
Aug 21.24 19.62-21.24 19.92 -6.2% -6.0%
Sep 19.92 19.92-21.48 21.16 6.2% -0.2%
Oct 21.16 21.16-21.87 21.55 1.8% 1.7%
Nov 21.55 21.27-21.91 21.59 0.2% 1.8%
Dec 21.59 20.84-21.59 21.16 -2.0% -0.2%
2021
Jan 21.16 21.10-21.74 21.42 1.2% 1.0%
Feb 21.42 19.79-21.42 20.09 -6.2% -5.2%
Mar 20.09 20.09-21.66 21.34 6.2% 0.7%
Apr 21.34 19.72-21.34 20.02 -6.2% -5.6%
May 20.02 20.02-21.48 21.16 5.7% -0.2%
Jun 21.16 21.16-22.81 22.47 6.2% 6.0%
Jul 22.47 22.28-22.96 22.62 0.7% 6.7%
Aug 22.62 22.62-24.38 24.02 6.2% 13.3%
Sep 24.02 22.19-24.02 22.53 -6.2% 6.3%
Oct 22.53 20.81-22.53 21.13 -6.2% -0.3%
Nov 21.13 19.52-21.13 19.82 -6.2% -6.5%
Dec 19.82 19.82-21.37 21.05 6.2% -0.7%
2022
Jan 21.05 19.69-21.05 19.99 -5.0% -5.7%
Feb 19.99 19.99-21.55 21.23 6.2% 0.1%
Mar 21.23 21.23-22.29 21.96 3.4% 3.6%
Apr 21.96 21.96-23.67 23.32 6.2% 10.0%
Month Open Low-High Close Mo,% Total,%
2022 Continuation
May 23.32 21.54-23.32 21.87 -6.2% 3.2%
Jun 21.87 21.87-23.58 23.23 6.2% 9.6%
Jul 23.23 23.23-24.50 24.14 3.9% 13.9%
Aug 24.14 24.14-26.02 25.64 6.2% 20.9%
Sep 25.64 25.64-27.36 26.96 5.1% 27.2%
Oct 26.96 26.96-29.06 28.63 6.2% 35.0%
Nov 28.63 27.36-28.63 27.78 -3.0% 31.0%
Dec 27.78 27.78-29.70 29.26 5.3% 38.0%
2023
Jan 29.26 27.89-29.26 28.31 -3.2% 33.5%
Feb 28.31 27.38-28.31 27.80 -1.8% 31.1%
Mar 27.80 26.26-27.80 26.66 -4.1% 25.8%
Apr 26.66 24.85-26.66 25.23 -5.4% 19.0%
May 25.23 24.92-25.68 25.30 0.3% 19.3%
Jun 25.30 24.78-25.54 25.16 -0.6% 18.7%
Jul 25.16 25.16-27.12 26.72 6.2% 26.0%
Aug 26.72 26.72-28.49 28.07 5.1% 32.4%
Sep 28.07 26.91-28.07 27.32 -2.7% 28.9%
Oct 27.32 27.32-29.45 29.01 6.2% 36.8%
Nov 29.01 29.01-31.27 30.81 6.2% 45.3%
Dec 30.81 28.47-30.81 28.90 -6.2% 36.3%
2024
Jan 28.90 28.22-29.08 28.65 -0.9% 35.1%
Feb 28.65 28.65-30.88 30.42 6.2% 43.5%
Mar 30.42 30.42-32.79 32.31 6.2% 52.4%
Apr 32.31 32.31-34.82 34.31 6.2% 61.8%
May 34.31 33.92-34.96 34.44 0.4% 62.5%

Oil Price forecast for April 2020.
In the beginning price at 21.20 Dollars. High price 29.13, low 20.76. The average for the month 24.05. The Oil Price forecast at the end of the month 25.12, change for April 18.5%.

WTI oil price forecast for May 2020.
In the beginning price at 25.12 Dollars. High price 25.12, low 23.78. The average for the month 24.54. The Oil Price forecast at the end of the month 24.14, change for May -3.9%.

Oil Price forecast for June 2020.
In the beginning price at 24.14 Dollars. High price 24.14, low 22.30. The average for the month 23.31. The Oil Price forecast at the end of the month 22.64, change for June -6.2%.

WTI oil price forecast for July 2020.
In the beginning price at 22.64 Dollars. High price 22.64, low 20.92. The average for the month 21.86. The Oil Price forecast at the end of the month 21.24, change for July -6.2%.

Oil Price forecast for August 2020.
In the beginning price at 21.24 Dollars. High price 21.24, low 19.62. The average for the month 20.51. The Oil Price forecast at the end of the month 19.92, change for August -6.2%.

WTI oil price forecast for September 2020.
In the beginning price at 19.92 Dollars. High price 21.48, low 19.92. The average for the month 20.62. The Oil Price forecast at the end of the month 21.16, change for September 6.2%.

Oil Price forecast for October 2020.
In the beginning price at 21.16 Dollars. High price 21.87, low 21.16. The average for the month 21.44. The Oil Price forecast at the end of the month 21.55, change for October 1.8%.

WTI oil price forecast for November 2020.
In the beginning price at 21.55 Dollars. High price 21.91, low 21.27. The average for the month 21.58. The Oil Price forecast at the end of the month 21.59, change for November 0.2%.

Oil Price forecast for December 2020.
In the beginning price at 21.59 Dollars. High price 21.59, low 20.84. The average for the month 21.30. The Oil Price forecast at the end of the month 21.16, change for December -2.0%.

WTI oil price forecast for January 2021.
In the beginning price at 21.16 Dollars. High price 21.74, low 21.10. The average for the month 21.36. The Oil Price forecast at the end of the month 21.42, change for January 1.2%.

Oil Price forecast for February 2021.
In the beginning price at 21.42 Dollars. High price 21.42, low 19.79. The average for the month 20.68. The Oil Price forecast at the end of the month 20.09, change for February -6.2%.

WTI oil price forecast for March 2021.
In the beginning price at 20.09 Dollars. High price 21.66, low 20.09. The average for the month 20.80. The Oil Price forecast at the end of the month 21.34, change for March 6.2%.

Oil Price forecast for April 2021.
In the beginning price at 21.34 Dollars. High price 21.34, low 19.72. The average for the month 20.61. The Oil Price forecast at the end of the month 20.02, change for April -6.2%.

WTI oil price forecast for May 2021.
In the beginning price at 20.02 Dollars. High price 21.48, low 20.02. The average for the month 20.67. The Oil Price forecast at the end of the month 21.16, change for May 5.7%.

Oil Price forecast for June 2021.
In the beginning price at 21.16 Dollars. High price 22.81, low 21.16. The average for the month 21.90. The Oil Price forecast at the end of the month 22.47, change for June 6.2%.

WTI oil price forecast for July 2021.
In the beginning price at 22.47 Dollars. High price 22.96, low 22.28. The average for the month 22.58. The Oil Price forecast at the end of the month 22.62, change for July 0.7%.

Oil Price forecast for August 2021.
In the beginning price at 22.62 Dollars. High price 24.38, low 22.62. The average for the month 23.41. The Oil Price forecast at the end of the month 24.02, change for August 6.2%.

WTI oil price forecast for September 2021.
In the beginning price at 24.02 Dollars. High price 24.02, low 22.19. The average for the month 23.19. The Oil Price forecast at the end of the month 22.53, change for September -6.2%.

Oil Price forecast for October 2021.
In the beginning price at 22.53 Dollars. High price 22.53, low 20.81. The average for the month 21.75. The Oil Price forecast at the end of the month 21.13, change for October -6.2%.

WTI oil price forecast for November 2021.
In the beginning price at 21.13 Dollars. High price 21.13, low 19.52. The average for the month 20.40. The Oil Price forecast at the end of the month 19.82, change for November -6.2%.

Oil Price forecast for December 2021.
In the beginning price at 19.82 Dollars. High price 21.37, low 19.82. The average for the month 20.52. The Oil Price forecast at the end of the month 21.05, change for December 6.2%.

WTI oil price forecast for January 2022.
In the beginning price at 21.05 Dollars. High price 21.05, low 19.69. The average for the month 20.45. The Oil Price forecast at the end of the month 19.99, change for January -5.0%.

Oil Price forecast for February 2022.
In the beginning price at 19.99 Dollars. High price 21.55, low 19.99. The average for the month 20.69. The Oil Price forecast at the end of the month 21.23, change for February 6.2%.

WTI oil price forecast for March 2022.
In the beginning price at 21.23 Dollars. High price 22.29, low 21.23. The average for the month 21.68. The Oil Price forecast at the end of the month 21.96, change for March 3.4%.

Oil Price forecast for April 2022.
In the beginning price at 21.96 Dollars. High price 23.67, low 21.96. The average for the month 22.73. The Oil Price forecast at the end of the month 23.32, change for April 6.2%.

WTI oil price forecast for May 2022.
In the beginning price at 23.32 Dollars. High price 23.32, low 21.54. The average for the month 22.51. The Oil Price forecast at the end of the month 21.87, change for May -6.2%.

Oil Price forecast for June 2022.
In the beginning price at 21.87 Dollars. High price 23.58, low 21.87. The average for the month 22.64. The Oil Price forecast at the end of the month 23.23, change for June 6.2%.

WTI oil price forecast for July 2022.
In the beginning price at 23.23 Dollars. High price 24.50, low 23.23. The average for the month 23.78. The Oil Price forecast at the end of the month 24.14, change for July 3.9%.

Oil Price forecast for August 2022.
In the beginning price at 24.14 Dollars. High price 26.02, low 24.14. The average for the month 24.99. The Oil Price forecast at the end of the month 25.64, change for August 6.2%.

WTI oil price forecast for September 2022.
In the beginning price at 25.64 Dollars. High price 27.36, low 25.64. The average for the month 26.40. The Oil Price forecast at the end of the month 26.96, change for September 5.1%.

Oil Price forecast for October 2022.
In the beginning price at 26.96 Dollars. High price 29.06, low 26.96. The average for the month 27.90. The Oil Price forecast at the end of the month 28.63, change for October 6.2%.

WTI oil price forecast for November 2022.
In the beginning price at 28.63 Dollars. High price 28.63, low 27.36. The average for the month 28.10. The Oil Price forecast at the end of the month 27.78, change for November -3.0%.

Oil Price forecast for December 2022.
In the beginning price at 27.78 Dollars. High price 29.70, low 27.78. The average for the month 28.63. The Oil Price forecast at the end of the month 29.26, change for December 5.3%.

WTI oil price forecast for January 2023.
In the beginning price at 29.26 Dollars. High price 29.26, low 27.89. The average for the month 28.68. The Oil Price forecast at the end of the month 28.31, change for January -3.2%.

Oil Price forecast for February 2023.
In the beginning price at 28.31 Dollars. High price 28.31, low 27.38. The average for the month 27.95. The Oil Price forecast at the end of the month 27.80, change for February -1.8%.

WTI oil price forecast for March 2023.
In the beginning price at 27.80 Dollars. High price 27.80, low 26.26. The average for the month 27.13. The Oil Price forecast at the end of the month 26.66, change for March -4.1%.

Oil Price forecast for April 2023.
In the beginning price at 26.66 Dollars. High price 26.66, low 24.85. The average for the month 25.85. The Oil Price forecast at the end of the month 25.23, change for April -5.4%.

WTI oil price forecast for May 2023.
In the beginning price at 25.23 Dollars. High price 25.68, low 24.92. The average for the month 25.28. The Oil Price forecast at the end of the month 25.30, change for May 0.3%.

Oil Price forecast for June 2023.
In the beginning price at 25.30 Dollars. High price 25.54, low 24.78. The average for the month 25.20. The Oil Price forecast at the end of the month 25.16, change for June -0.6%.

WTI oil price forecast for July 2023.
In the beginning price at 25.16 Dollars. High price 27.12, low 25.16. The average for the month 26.04. The Oil Price forecast at the end of the month 26.72, change for July 6.2%.

Oil Price forecast for August 2023.
In the beginning price at 26.72 Dollars. High price 28.49, low 26.72. The average for the month 27.50. The Oil Price forecast at the end of the month 28.07, change for August 5.1%.

WTI oil price forecast for September 2023.
In the beginning price at 28.07 Dollars. High price 28.07, low 26.91. The average for the month 27.59. The Oil Price forecast at the end of the month 27.32, change for September -2.7%.

Oil Price forecast for October 2023.
In the beginning price at 27.32 Dollars. High price 29.45, low 27.32. The average for the month 28.28. The Oil Price forecast at the end of the month 29.01, change for October 6.2%.

WTI oil price forecast for November 2023.
In the beginning price at 29.01 Dollars. High price 31.27, low 29.01. The average for the month 30.03. The Oil Price forecast at the end of the month 30.81, change for November 6.2%.

Oil Price forecast for December 2023.
In the beginning price at 30.81 Dollars. High price 30.81, low 28.47. The average for the month 29.75. The Oil Price forecast at the end of the month 28.90, change for December -6.2%.

WTI oil price forecast for January 2024.
In the beginning price at 28.90 Dollars. High price 29.08, low 28.22. The average for the month 28.71. The Oil Price forecast at the end of the month 28.65, change for January -0.9%.

Oil Price forecast for February 2024.
In the beginning price at 28.65 Dollars. High price 30.88, low 28.65. The average for the month 29.65. The Oil Price forecast at the end of the month 30.42, change for February 6.2%.

WTI oil price forecast for March 2024.
In the beginning price at 30.42 Dollars. High price 32.79, low 30.42. The average for the month 31.49. The Oil Price forecast at the end of the month 32.31, change for March 6.2%.

Oil Price forecast for April 2024.
In the beginning price at 32.31 Dollars. High price 34.82, low 32.31. The average for the month 33.44. The Oil Price forecast at the end of the month 34.31, change for April 6.2%.

WTI oil price forecast for May 2024.
In the beginning price at 34.31 Dollars. High price 34.96, low 33.92. The average for the month 34.41. The Oil Price forecast at the end of the month 34.44, change for May 0.4%.

All forecasts are updated on daily basis. Only mortgage rates forecast and history are updated weekly.

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Commodity Report: Gold Price Forecast [Video]

Gold prices hit a more than seven-year high on Monday as a stock market rout on concerns over the widening coronavirus outbreak and its economic impact drove investors to safe-haven assets, although profit taking later unwound much of the metal’s rise.

Gold touched its highest since December 2020 at $1,702 before being knocked back to stand 0.5% lower at $1,657 per ounce.

Part of the selling was because of the need to meet margin calls as the fast-spreading virus landed a sharp blow on global equities.

Wall Street’s main stock indexes plummeted about 5% as a slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession.

Oil prices dived by a third, its biggest daily rout since the 1991 Gulf War, as Saudi Arabia and Russia indicated they would increase supply to an oversupplied market.

Investor focus next turns to the European Central Bank meeting due on Thursday and the U.S. Federal Reserve’s policy meeting on March 18.

Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold, Silver and Crude Oil with the latest price forecast and predictions.

Trading has large potential rewards, but also large potential risk and may not be suitable for all investors. The value of your investments and income may go down as well as up. You should not speculate with capital that you cannot afford to lose. Ensure you fully understand the risks and seek independent advice if necessary.

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EUR/USD trades closer to 1.09 amid extraordinary Fed action, terrible jobless claims

EUR/USD is trading below 1.09 after the Fed injects $2.3 trillion in additional loans and while US jobless claims are above 6.6 million, worse than expected. Eurogroup meetings are eyed.

GBP/USD trades around 1.24 after as Johnson’s condition, US data eyed

GBP/USD is trading around 1.24, consolidating its gains as UK monthly GDP disappoints with -0.1% in February. PM Johnson’s condition is stable, but he remains in intensive care. US jobless claims, consumer confidence, and Powell’s speech are awaited.

Crypto market shifting to the hyperspace

The typical pattern expects the participation of second-line Altcoins, such as Litecoin or Ethereum Classic. The current phase can cause occasional periods with a strong increase in volatility. The bulls have the advantage over the bears, but they don’t yet have market control.

WTI consolidates the upside near $26 amid imminent OPEC+ output cuts

WTI (oil futures on NYMEX) is consolidating the advance to a new two-day high of 26.66, as the bulls take a breather the recent bounce back from near 25.60 region. At the press time, the US oil trades at 26.05, still up 3.80% so far.

Gold: Recovery rally weakens demand for put options

Gold has gained significant ground over the last couple of weeks. The yellow metal bottomed out near $1,515 on March 20 and was last seen trading near $1,650 per ounce, representing a 0.38% gain on the day. Prices hit a high of $1,678 on Tuesday.

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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

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