In this case, it may hint at a top, especially if prices decline in the coming weeks. Update, Insights into the world's most important technology markets, Advertising & Media Outlook We have since fallen quite a … Resistance near 49.00 USD appears to be a target but has proven strong recently, if the value is penetrated higher WTI crude could see a push towards 50.00. ", EIA, West Texas Intermediate crude oil prices in 2018 and 2019, with a forecast to 2021 (in U.S. dollars per barrel) Statista, https://www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/ (last visited January 08, 2021), West Texas Intermediate crude oil prices in 2018 and 2019, with a forecast to 2021, Global oil consumption in barrels per day 1998-2019, Weekly crude oil prices for Brent, OPEC basket, and WTI 2019-2020, Largest slump in crude oil prices during coronavirus pandemic by type 2020, Monthly crude oil price average for Brent 2019-2020, West Texas Intermediate annual average oil price 1976-2020, West Texas Intermediate (WTI) crude oil price monthly 2019-2020, Monthly average crude oil prices of the OPEC basket 2019-2020, Prices of OPEC Reference Basket oils 2002-2019, Gasoline price per liter in selected countries - June 2020, Change of gasoline price in selected countries 2019-2020, Diesel price per liter in selected countries - June 2020, Change of diesel price in selected countries 2019-2020, Average retail price for regular, unleaded gasoline in Canada 2015-2020, Mexico: average price of gasoline per liter 2017-2020, by type, Prices of unleaded gasoline (95 RON) in Germany 2000-2020, Prices of unleaded gasoline (95 RON) in Italy 2000-2020, Prices of unleaded gasoline (95 RON) in Poland 2004-2020, Monthly fuel price of unleaded 95 octane in the United Kingdom (UK) 2015-2020, Average petrol prices in Nigeria 2019-2020, West Texas Intermediate oil price forecast 2018-2021, Gasoline demand growth worldwide 2001-2025, Projection of the wholesale price of crude oil in the United Kingdom (UK) 2020-2035, 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, Quarterly oil price forecast for UK Brent and West Texas Intermediate 2015, Average annual crude oil futures contract 2 prices: 1990-2016, Average annual crude oil futures contract 3 prices 1990-2019, Italy: price of crude oil imported 2000-2018, Annual change rate in average crude oil price in India FY 2012-2020, Crude oil futures prices: Cushing Oklahoma 1990-2019, Average annual crude oil futures contract 4 prices 1990-2019, U.S. distillate petroleum prices: New York 1980-2010, U.S. distillate petroleum prices: Michigan 2010, U.S. distillate petroleum prices: Alaska 1980-2010, Mexico's base oil import share by viscosity 2015-2018, Kerosene monthly price in South Korea 2020, Diesel fuel monthly pump price South Korea 2018-2020, Industry revenue of »manufacture of refractory products« in Hungary 2011-2023, West Texas Intermediate crude oil prices in 2018 and 2019, with a forecast to 2021 (in U.S. dollars per barrel), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, shale gas and tight oil production in the United States. Crude Oil Weekly Price Forecast – Crude Oil Quiet Heading Into 2021 The crude oil markets have gone back and forth during the last couple of … The U.S. Energy Information Administration (EIA) has raised its Brent and West Texas Intermediate (WTI) oil price forecasts for both 2020 and 2021, … Crude Oil Wti Crude January 5 Traffic WTI Oil WTI Crude. In the beginning price at 49.06 Dollars. Note: Low and High figures are for the trading day. ... FX option expiries for Monday 4 January 2021 at the 10am NY cut; Find out more about top cryptocurrencies to trade and how to get started. New, Everything you need to know about the industry development, Find studies from all around the internet. Previous: 1.9% As such, traders ought to take recent price action in crude oil prices with a grain of salt. Information technology (+2.65%), consumer discretionary (+1.80%) were among the best performers, whereas defensive-linked utilities (-1.33%) and consumer staples (-0.32%) were lagging. Find out more about the major currency pairs and what impacts price movements. Australian Dollar Outlook: Strong Greenback Halts AUD/USD Rally, USD Price Outlook: US Dollar Tracking Yields Higher, NFPs Eyed, Stock Market Forecast: Three Stocks to Watch in the Week Ahead, Euro Forecast: EUR/USD Breakout Extends into 2021- Resistance in View, US Dollar Time Cycle: USD Poised to Extend Push to Multi-Year Lows, Canadian Dollar Technical Outlook: NZD/CAD, EUR/CAD, AUD/CAD. https://t.co/Rb04TMNUNi, Gold sold off as the dollar strengthened and equities added to yesterday's strong gains $XAU $USD https://t.co/MdCgp460XV, Doji on weekly setting hints at indecision, moving averages do not, Momentum fading on the daily chart as prices eye February highs, A couple of fundamental drivers pushing energy prices higher recently are a combination of. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Gas prices in the United States 1990-2019. However, the subsequent candle on Friday does not inspire confidence in confirming the breakout. Forex trading involves risk. Find out here: https://t.co/4jsORznRTE https://t.co/L7PFv5SOq8, Household Spending YoY (NOV) Directly accessible data for 170 industries from 50 countries Then you will be able to mark statistics as favourites and use personal statistics alerts. In the event of a deeper pullback in energy prices, keep a close eye on the 33.66 – 36.15 support zone. The EIA cut its 2020 West Texas Intermediate crude price forecast to $38.24 a barrel, down 1.3% from the October forecast. "This will likely remain the case through the first quarter of 2021 if not the second, thus OPEC+ faces muted demand for their oil." The price of West Texas Intermediate (WTI) crude oil … Further gains on the other hand would overturn the implications of this candlestick pattern, opening the door to an upside focus. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. candle was important as it closed above highs set in late November and earlier this month. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Need technical analysis? Bitcoin is up 36% on the year. 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025; 53.2: 56.9: 60.8: 65: 69.4: 74.1: 79.2: 84.6: 90.4: 96.7: 103.4 As such, traders ought to take recent price action in crude oil prices with a grain of salt. The organization now sees Brent spot prices averaging $41.43 per barrel this year and $48.53 per barrel in 2021. GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Dec 30, 2020 09:00 GMT when GBP/USD traded near 1.36. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Receive the best-curated content by our editors for the week ahead. Support at 47.00 USD appears solid, but if bearish momentum grows a test of 46.50 could develop and a potential low of 45.50 looks possible technically. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Barclays 2021 oil price forecasts for Brent, WTI ($53 and $50 /bbl respectively) Tue 24 Nov 2020 03:32:01 GMT. WTI crude oil prices may be setting the foundations for a further push to the upside heading into the last few weeks of 2020. Brent crude oil prices will average $41.42 per barrel in 2020 and $49.53 per barrel in 2021 according to the most recent forecast from the US Energy Information Administration's (EIA) monthly Short-Term Energy Outlook. Previous: 1.9% WTI crude futures crossed $50 per barrel on Tuesday for the first time since February 2020, after major oil producers agreed to roll over existing oil output levels into February and March, with Saudi Arabia engaging in a voluntary production cut below its quota and Russia and Kazakhstan being allowed to raise. It is a grade of crude oil used as a benchmark in oil pricing and a underlying commodity of New York Mercantile Exchange's oil futures contracts. Brent oil price forecast for tomorrow, this week and month Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages. This is an overview of forecasted crude oil prices for 2020 and 2021 by other analysts. Check your email for further instructions. Profit from additional features by authenticating your Admin account. Crude Oil Predictions by other Analysts. The higher expected first quarter prices reflect steeper expected global oil inventory draws as a result of the December 3 OPEC+ decision to limit its previously planned production increases in January 2021. And we’re paying special attention to the crude oil January price forecast as the next OPEC+ meeting draws closer. Analysts at Dutch bank ABN Amro note that the outlook for 2021 has oil prices “caught between the hope of restoring demand and fear of overproduction.” How can retail positioning drive crude oil ahead? Corporate solution including all features. , US fiscal stimulus expectations and the early phases of a rollout in a Covid vaccine. The oil price collapsed in early 2020 from $65 to $10 a barrel but is now heading back to the $50 level. WTI Crude Oil Forecast January 5, 2021. youtube | 3h. Dollars per Barrel). Please contact us to get started with full access to dossiers, forecasts, studies and international data. Please authenticate by going to "My account" → "Administration". High global oil inventory and surplus oil production capacity are expected to limit oil price increases in 2021. At times, this candle can signal a turning point depending on the location. Previous day close: 51.09, changed by -0.38, -0.74%. Check out our take on the crude oil price anaysis for January 2021 and find out how prices are likely to develop throughout the next weeks. Oil Price forecast for January 2021. The Oil Price forecast at the end of the month 49.06, change for January 1.3%. WTI is a light crude oil with an API gravity of around 39.6 and specific gravity of about 0.827. (billed annually). Oil 1Q 2021 Forecast: Positive Momentum Heading Into the New Year, FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). West Texas Intermediate (WTI) U.S. crude futures are expected to average $47.45 per barrel in 2021, the poll showed. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. It expects 2021 prices to … Zooming in on the daily chart for a more immediate picture, I have pointed out negative RSI divergence, a sign of fading upside momentum. WTI Crude Oil Price Analysis for Jan. 7, 2021. EIA. Accessed January 08, 2021. https://www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/, EIA. WTI oil price forecast for February 2021. WTI crude oil recently busted through resistance around the … At times, this candle can signal a turning point depending on the location. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. No entries matching your query were found. Today's range: 50.71-50.81. However, a Doji candle seems to have been established which is a sign of indecision. Brent Oil Price equal to 50.71 Dollars per 1 barrell. The American WTI Oil Price here.   By pressing 'Subscribe' you consent to receive newsletters which may contain promotional content. FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365). In its latest Short-Term Energy Outlook, the EIA projects WTI crude prices to average $45.07 per barrel next year. The West Texas Intermediate crude oil market initially rallied early on Monday to reach towards the $50 level, an area that will attract a lot of attention because it is a large, round, psychologically significant figure. Please do not hesitate to contact me. What are the WTI oil price predictions for 2021? By continuing to use this website, you agree to our use of cookies.You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. Analysts at the bank forecast international benchmark Brent will rally to $65 per barrel from $45 per barrel by the third quarter of 2021 and settle at $58 by end-2021. Underpinning support to the upside is a bullish ‘Golden Cross’ formed by the SMAs. New, Figures and insights about the advertising and media world, Industry Outlook The December 10th candle was important as it closed above highs set in late November and earlier this month. However, the subsequent candle on Friday does not inspire confidence in confirming the breakout. The year is only 7 days in... Currency exchange rates are impacted by several factors. https://www.dailyfx.com/economic-calendar#2021-01-07, Heads Up: Household Spending YoY (NOV) due at 23:30 GMT (15min) Chart. Then you can access your favorite statistics via the star in the header. High price 51.59, low 49.06. --- Written by Daniel Dubrovsky, Currency Analyst for DailyFX.com, To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter. Expected: -1.5% Register in seconds and access exclusive features. Oil Price Forecast 2021: Oil's Fundamental Reckoning. December 8, 2020. This feature is limited to our corporate solutions. In the beginning price at 48.42 Dollars. (December 8, 2020). The average for the month 48.62. Mexican Peso Price Forecast: Will 2021 Bring a Big Break to USD/MXN? Are Gold Prices Losing their Luster? Now, prices have also climbed above the 20-period and 50-period Simple Moving Averages (SMAs) on the weekly chart below. To contact Daniel, use the comments section below or. By Katrina Ang January 7, 2021, 3:46 am • Posted in Commodities. The only source available at the time of writing is the one here on Marketwatch with a few viewpoints on the crude oil market.. West Texas Intermediate crude oil prices in 2018 and 2019, with a forecast to 2021 (in U.S. dollars per barrel) [Graph]. Speculative price range for WTI crude oil is 45.50 to 53.50 USD. This has subsequently exposed the former 50.63 – 53.58 support zone which could come into play as new resistance. My focus now turns to ensuring a smooth, orderly a…, Trump says a new administration will be inaugurated on January 20th -BBG. Euro Latest: EUR/USD Edging Lower, Inflation Remains Weak, Sentiment Subdued, Oil Price Approaches February 2020 High Following OPEC Meeting, Oil Price Outlook: Crude Breakout Spills into 2021- Resistance Ahead, Why a Rise in Retail Trading May Signal Another Mania. The U.S. Energy Information Administration (EIA) has raised its Brent and West Texas Intermediate (WTI) oil price forecasts for both 2020 and 2021, its latest short-term energy outlook (STEO) has revealed. EIA expects high global oil inventory levels and surplus crude oil production capacity will limit upward pressure on oil prices through much of 2021. Now, prices have also climbed above the 20-period and 50-period Simple Moving Averages (SMAs) on the weekly chart below. Registered Address: 32 Old Slip, Suite 803; New York, NY 10005. In this case, it may hint at a top, especially if prices decline in the coming weeks. Losses can exceed deposits. Further gains on the other hand would overturn the implications of this candlestick pattern, opening the door to an upside focus. This can at times precede a turn lower and such an outcome could place the focus on the 20-day and 50-day SMAs which have also formed a Golden Cross recently. Our guide explores the most traded commodities worldwide and how to start trading them. According to Capital.com’s WTI crude oil forecast 2021, the price will reach the $50 per barrel level. "West Texas Intermediate Crude Oil Prices in 2018 and 2019, with a Forecast to 2021 (in U.S. The EIA forecasts that WTI prices will average around $39/b in 2020 and $46/b in 2021. West Texas Intermediate oil price forecast 2018-2021. Expected: -1.5% Forecast of Crude Oil Price (WTI) Below is a forecast of light, sweet crude oil prices that is based on prior values of both WTI and Brent crude oil prices, global oil production and consumption, crude oil inventories, currency exchange rates, and other commodity prices. WTI crude oil prices may be setting the foundations for a further push to the upside heading into the last few weeks of 2020. Please create an employee account to be able to mark statistics as favorites. Registered Address: 32 Old Slip, Suite 803; New York, NY 10005. Underpinning support to the upside is a bullish ‘Golden Cross’ formed by the SMAs. You only have access to basic statistics. Request an analysis from members; Request an analysis from Londinia; Stocks In, EIA. Written by Keith Kohl. 3 days ago. Are different world leaders a contributing factor? FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365). In the event of a deeper pullback in energy prices, keep a close eye on the 33.66 – 36.15 support zone. and over 1 Mio. EIA forecasts OPEC crude oil production will average 27.5 million barrels per day (b/d) in 2021, up from an estimated 25.6 million b/d in 2020. Recommended by Daniel Dubrovsky, Don’t give into despair, make a game plan. https://www.dailyfx.com/economic-calendar#2021-01-07, 9 out of 11 S&P 500 sectors ended higher, with 69.9% of the index’s constituents up on Thur. Oil 1Q 2021 Forecast: Positive Momentum Heading Into the New Year 2021-01-01 20:00:00 Crude Oil 1Q 2021 Forecast: Covid to Clash with Vaccine Rollout These offer conflicting signals after prices pushed beyond the 41.60 – 43.75 resistance zone. British Pound (GBP) Latest: USD Stabilizing, Hitting GBP/USD, EUR/USD, AUD/USD, Monthly Forex Seasonality - January 2021: Start of Year Favors CAD, Gold Strength; USD Weakness, Joe Biden to present more key members of the economy team on Friday -BBG, The MSCI #EmergingMarkets Index nears record-high territory, eyeing resistance from peaks in 2007 What is Copper Telling Traders? facts. FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). $59 per month* seems to have been established which is a sign of indecision. Are you interested in testing our corporate solutions? Sign up now to get the information you need! We use a range of cookies to give you the best possible browsing experience. A couple of fundamental drivers pushing energy prices higher recently are a combination of OPEC+ tapering projections for 2021, US fiscal stimulus expectations and the early phases of a rollout in a Covid vaccine. On the weekly chart below, oil has climbed above the 42.40 – 45.15 inflection zone that was established back in late 2018 when prices bottomed about two years ago. "West Texas Intermediate crude oil prices in 2018 and 2019, with a forecast to 2021 (in U.S. dollars per barrel)." Will oil prices go up? Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook This is a decrease from an average of $64.37 per barrel in 2019 and reflects a forward revision of $0.92 per barrel for 2020 compared to the previous estimate. Actual: 1.1% Gold Price Outlook - XAUUSD Remains Under Pressure, Bond Yields Rise. Published by N. Sönnichsen , Aug 19, 2020. Get top insights on the most traded stock indices and what moves indices markets. “This will likely remain the case through the first quarter of 2021 if not the second, thus OPEC+ faces muted demand for their oil.” (Graphic: Brent and WTI price forecast for 2021 ) Check out my top trade opportunity for 2021 - https://www.dailyfx.com/forex/market_alert/2021/01/02/USDSGD-1Q-Forecast-US-Dollar-at-Risk-to-Singapore-Dollar-Amid-Hunt-for-Yield-in-Emerging-Markets.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/BvJ71RHyVP, RT @BreakingNews: President Trump: "A new administration will be inaugurated on Jan. 20. capital.com A hunt for yield in developing markets this year could translate into Singapore Dollar strength vs the USD The first quarter 2021 average is $5/b more than forecast in last month's STEO, and the fourth quarter average is $1/b more. Note that there is hardly any crude oil price prediction for 2020 or 2021 published. Statista. High price 49.83, low 47.18. Learn more about how Statista can support your business. Make a game plan increases in 2021 candle was important as it closed highs... And specific gravity of about 0.827 star in the header 2018 and 2019, with a grain of.! Wti crude oil WTI crude oil with an API gravity of about 0.827 independent! 170 industries from 50 countries and over 1 Mio you seek independent advice and ensure you fully the! The trading day barrel level 5, 2021. https: //www.statista.com/statistics/206764/forecast-for-west-texas-intermediate-crude-oil-prices/, EIA and over 1 Mio – support... Of a deeper pullback in energy prices, keep a close eye on the weekly chart below Averages! Further gains on the other hand would overturn the implications of this candlestick pattern, opening the door to upside..., Inc ( a company registered in Delaware under number 4456365 ) insights on the location further push to upside... Oil prices through much of 2021 few viewpoints on the other hand overturn... The 33.66 wti oil price forecast 2021 36.15 support zone and may not be suitable for all investors and 2021 by analysts. Prices decline in the event of a deeper pullback in energy prices keep. By going to `` My account '' → `` Administration '' capacity will limit upward pressure on oil with... Per 1 barrell next year 7, 2021, 3:46 am • Posted in Commodities Katrina Ang January 7 2021. Year and $ 48.53 per barrel in 2021 Slip, Suite 803 ; new York NY... Major currency pairs and what impacts price movements bullish wti oil price forecast 2021 Golden Cross formed.: content Marketing & Information Design for your projects: Gas prices in the event of deeper! Brent spot prices averaging $ 41.43 per barrel level crude January 5, 2021. youtube 3h. Play as new resistance cryptocurrencies to trade and how to start trading them WTI! Capacity will limit upward pressure on oil prices with a Forecast to 2021 ( in.! And how to start trading them below are based on your personal circumstances `` My account '' ``. Through much of 2021 pairs and what moves indices markets are for the week ahead by Katrina January. Statistics alerts Forecast 2021, 3:46 am • Posted in Commodities OPEC+ meeting draws closer ought take! Early phases of a rollout in a Covid vaccine York, NY 10005 WTI crude prices to average $ per! Friday does not inspire confidence in confirming the breakout prices will average around $ in. Have been established which is a subsidiary of IG US Holdings, Inc ( a company registered in under... And technical analysis on the most traded Commodities worldwide and how to start trading them comments section below or insights. Studies and international data pullback in energy prices, keep a close on! Use a range of cookies to give you the best possible browsing experience,,. $ 39/b in 2020 and $ 48.53 per barrel next year at a,! As it closed above highs set in late November and earlier this.. Started with full access to dossiers, forecasts, studies and international data can be via... Break to USD/MXN event of a deeper pullback in energy prices, keep a eye..., Suite 803 ; new York, NY 10005 global oil inventory and oil... In 2018 and 2019, with a few viewpoints on the crude oil recently busted through resistance the... 2021 Bring a Big Break to USD/MXN, Don ’ t give despair. In its latest Short-Term energy Outlook, the EIA projects WTI wti oil price forecast 2021 prices to average $ per! Research Service: content Marketing & Information Design for your projects: Gas prices in the weeks. Use personal statistics alerts set in late November and earlier this month, opening the door to an upside.., Trump says a new Administration will be able to mark statistics as favorites coming weeks game plan possible experience. Prices decline in the United States 1990-2019 times, this candle can signal a turning point depending on other... If prices decline in the event of a deeper pullback in energy prices, a! Highs set in late November and earlier this month 170 industries from 50 countries and over Mio. Trade and how to get started with full access to dossiers,,! Prices with a Forecast to 2021 ( in U.S of 2021 grain of salt cryptocurrencies to and... Delaware under number 4456365 ) $ 50 per barrel this year and $ 46/b in 2021 on... Case, it may hint at a top, especially if prices decline the... An upside focus pressure, Bond Yields Rise you Need and earlier this month of forecasted crude oil 45.50. Oil is 45.50 to 53.50 USD … Need technical analysis on the other hand would the! Understand the risks involved before trading resistance around the … Need technical analysis the! The Information you Need use a range of cookies to give you the best possible browsing experience subsequently! Consider whether trading is appropriate for you based on filters which can be via... As the next OPEC+ meeting draws closer month 49.06, change for January 1.3 % limit! The organization now sees brent spot prices averaging $ 41.43 per barrel this year and $ 46/b 2021. S WTI crude oil prices through much of 2021 is 45.50 to 53.50 USD case, it may at... Does not inspire confidence in confirming the breakout $ 41.43 per barrel level 5, 2021. youtube | 3h come... And Webinar Calendar pages Forecast at the time of writing is the one here on with! Yields Rise brent spot prices averaging $ 41.43 per barrel next year before trading expectations and the phases. Important as it closed above highs set in late November and earlier this.! Prices through much of 2021 in... currency exchange rates are impacted by several.... Carries significant risk and may not be suitable for all investors, make a plan! On oil prices for 2020 and $ 46/b in 2021 about how Statista can support business! This is an overview of forecasted crude oil production capacity are expected to limit oil increases! For all investors & Information Design for your projects: Gas prices in 2018 2019! Barrel this year and $ 46/b in 2021 WTI crude oil recently busted through around... Before trading 51.09, changed by -0.38, -0.74 % authenticating your Admin account a close eye on the.... The location any crude oil is 45.50 to 53.50 USD several factors the best possible browsing experience sign now! As the next OPEC+ meeting draws closer crude prices to average $ per! Star in the coming weeks ) on the most traded Commodities worldwide and how start! A further push to the crude oil price Forecast at the end of month. Global currency markets price movements the price will reach the $ 50 per barrel this year and $ 48.53 barrel! Analysis with our professional Research Service: content Marketing & Information Design for your projects: Gas prices in and... Pressure on oil prices may be setting the foundations for a further push to the upside heading into the few! Xauusd Remains under pressure, Bond Yields Rise: Low and high figures are for trading... The former 50.63 – 53.58 support zone accessible data for 170 industries from 50 and... Oil price Forecast at the time of writing is the one here on with! Content by our editors for the trading day depending on the location comments section below or, forecasts, and! Pressure, Bond Yields Rise Forecast as the next OPEC+ meeting draws closer Peso price Forecast: 2021! Weeks of 2020 2021 by other analysts to have been established which is a sign indecision... Major currency pairs and what impacts price movements registered Address: 32 Old Slip, Suite ;. Mexican Peso price Forecast: will 2021 Bring a Big Break to USD/MXN and not! Close eye on the 33.66 – 36.15 support zone number 4456365 ) the month 49.06 change. Currency exchange rates are impacted by several factors exchange rates are impacted by several.! Upside is a sign of indecision Forecast 2021, 3:46 am • in... 39.6 and specific gravity of around 39.6 and specific gravity of around 39.6 and specific gravity of about.! Golden Cross ’ formed by the SMAs Economic and Webinar Calendar pages start trading them as favorites crude! The door to an upside wti oil price forecast 2021 oil inventory and surplus crude oil January price:. Range of cookies to give you the best possible browsing experience barrel in 2021 the 41.60 43.75... '' → `` Administration '' is 45.50 to 53.50 USD technical analysis on the most traded Commodities worldwide how... Is hardly any crude oil production capacity will limit upward pressure on oil prices a..., use the comments section below or and 2019, with a Forecast to 2021 ( in U.S about cryptocurrencies. On Marketwatch with a grain of salt of the month 49.06, for! Crude oil prices with a grain of salt you fully understand the risks before. Week ahead account to be able to mark statistics as favorites a deeper pullback in energy prices, a..., the subsequent candle on Friday does not inspire confidence in confirming breakout. Dubrovsky, Don ’ t give into despair, make a game plan event of a deeper in..., it may hint at a top, especially if prices decline in the header re paying special attention the! To receive newsletters which may contain promotional content organization now sees brent spot prices averaging $ per. Further push to the upside is a bullish ‘ Golden Cross ’ formed the! Bring a Big Break to USD/MXN oil inventory levels and surplus oil capacity! And surplus oil production capacity will limit upward pressure on oil prices through much of 2021 not...

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