crude_oil_price_wti_forecast_week_49_2025

WTI crude oil is expected to drift higher over the next year, moving from about $59–60 per barrel today to roughly $70–71 by late 2026, with plenty of ups and downs along the way. Prices are likely to stay roughly in a $60–75 range, with brief dips into the mid‑50s if shocks hit supply or demand weakens. The move higher is supported by geopolitics and risk premiums tied to attacks on oil infrastructure and potential limits on Venezuela’s exports, but near‑term gains are capped by softer demand and large inventories.