Crude Oil Predictions by other Analysts. Goldman Sachs boosts 2021 oil forecast and recommends Brent as an 'effective' hedge against uncertainty for investors. That’s down from an earlier forecast of $59 for Brent and $54 for WTI. The U.S. Energy Information Administration (EIA) expects that Brent prices will average $49/b in 2021, up from an expected average of $43/b in the fourth quarter of 2020. Robert Petrucci on August 28, 2020 Latest News. Brent decreased 14.43 USD/BBL or 21.79% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. The only source available at the time of writing is the one here on Marketwatch with a few viewpoints on the crude oil market.. Its forecast for the price of an average WTI barrel throughout 2020 was $59.50 per barrel, while its Brent forecast was for $65 per barrel. The price graph will mainly remain flat during the following years, with oil hiking pass the $50 mark for the first time at the end of 2022. EIA Raises 2020 Oil Price Forecasts. Crude Oil Price Forecast – Crude Oil Quiet Last Day of The Year. Official Close 12/31/2020 MI Indication. 41 minutes ago Christopher Lewis Technical Analysis GBP/USD Forecast… Brent Oil. 51.480 ... Dec 31, 2020. Price: $ $60-$65. Thomas Trutschel/Getty. Historically, Brent crude oil reached an all time high of 147.50 in July of 2008. On an annual average basis, U.S. crude oil production is set to fall from 12.2 million b/d in 2019 to 11.3 million b/d in 2020 and 11.1 million b/d in 2021, researchers said. Today's range: 50.90-51.91. Price Drivers: Economic rebound, USD correlation, market sentiment. Price: $ $50-$60. This compares with an average Brent price of $64 in 2019. 3 days ago. Its forecast for the price of an average WTI barrel throughout 2020 was $59.50 per barrel, while its Brent forecast was for $65 per barrel. Price Drivers: Post US elections, USD correlation, global economic recovery. Brent Oil Forecast: Q4 2020: Brent Oil Forecast: 1 Year: Brent Oil Forecast: 3 Years: Price: $43-$47. WTI Crude Oil Forecast: September 2020. Forecast ; Brent Crude Oil (BRENT) Sat, 19 Dec 2020 : Brent Crude Oil (BRENT) Sat, 12 Dec 2020 : Brent Crude Oil (BRENT) Sat, 5 Dec 2020 : Brent Crude Oil (BRENT) Sat, 28 Nov 2020 : Brent Crude Oil (BRENT) Sat, 21 Nov 2020 In October 2020, the average price of one barrel of Brent Crude oil was 40.19 U.S. dollars. This Brent Oil Futures technical analysis page contains a brief summary for Brent Oil Futures: either strong Buy, Buy, Strong Sell, Sell or Neutral signals. Brent oil price forecast … This year, the report considers topics such as the impact of the new coronavirus (COVID-19) on demand; slowing supply growth in the United States and other non-OPEC countries; and the level of spare production capacity in OPEC countries to help meet demand growth. Brent Oil DAILY PRICE CHART (April 10 – April 24, 2020) Zoomed IN Looking at the daily chart, I noticed that on Wednesday Crude oil bounced from … Note that there is hardly any crude oil price prediction for 2020 or 2021 published. The American WTI Oil Price here. BCO. The UK bank now expects Brent to average $43 a barrel in 2020, with West Texas Intermediate at $40. October 22, 2020 — While metal and agricultural commodities have recouped their losses from the COVID-19 pandemic and are expected to make modest gains in 2021, energy prices, despite some recovery, are expected to stabilize below pre-pandemic levels next year, the World Bank said. This compares with an average Brent price of $64 in 2019. This article was first published on Rigzone here. Key quotes “Global Add to watchlist Trade Oil Now. Here is their US Crude oil prices forecast 2020 – 2022: According to their Brent oil price analysis and forecast, the commodity is prognosed to close 2020 trading at $38.77 per barrel. Oil prices rose on Tuesday, with Brent crude rising above $40 a barrel, as the IEA increased its oil demand forecast for 2020 and as record supply cuts supported. Brent Crude is the world's leading price benchmark for Atlantic basin crude oils. Oil 2020 examines the key issues in demand, supply, refining and trade to 2025. Shalini Nagarajan. Previous day close: 51.80, changed by +0.11, +0.21%. In its latest client note, Goldman Sachs Analysts cut its Brent crude oil price forecast for Q2 2020 by a third to $ 20 per barrel. This is an overview of forecasted crude oil prices for 2020 and 2021 by other analysts. As we approach the close of 2020, we’re reminded of one statistical certainty when it comes to oil price predictions. WTI Crude Oil Forecast: September 2020. Brent Oil Price equal to 51.91 Dollars per 1 barrell. Sep. 1, 2020, 05:27 AM. Fitch Solutions has maintained its Brent oil price forecast to 2024, the company’s latest oil price outlook report has revealed. This compares with an average Brent price of $64 in 2019. Its forecast for the price of an average WTI barrel throughout 2020 was $59.50 per barrel, while its Brent forecast was for $65 per barrel. EUR/USD Forecast: Euro Slamming into Major Resistance. The U.S. Energy Information Administration (EIA) expects that Brent prices will average $49/b in 2021, up from an expected average of $43/b in the fourth quarter of 2020. Oil price has risen to post COVID-19 shock highs ahead of the OPEC+ meeting next week.