Why are WTI Prices so high?
23-10-2025 - WTI prices fell 6.6% over the last month, from $62.64 to $58.50 per barrel. The high was $65.72 on 26th September, while the low was $57.46 on 16th October.
Our one month forecast for WTI is $57.05 per barrel, a decrease of $1.45 or -2.5% from the latest price. Our analysis suggests a balanced market risk around this forecast.
Our current forecast is influenced most significantly by Demand data, with a price impact of $0.63 per barrel. Specifically, the Global Economy family within the Demand data type is driving this impact. However, there is disagreement among the various data types. While Demand data suggests upward price pressure, other data types such as Flows, Supply, and Technical indicate the opposite, with no agreement on price direction.
Our one month forecast for WTI is $57.05 per barrel, a decrease of $1.45 or -2.5% from the latest price. Our analysis suggests a balanced market risk around this forecast.
Our current forecast is influenced most significantly by Demand data, with a price impact of $0.63 per barrel. Specifically, the Global Economy family within the Demand data type is driving this impact. However, there is disagreement among the various data types. While Demand data suggests upward price pressure, other data types such as Flows, Supply, and Technical indicate the opposite, with no agreement on price direction.
What is the current / spot price of WTI?
WTI Price Today
October 23, 2025
Current Price
94.7
$/bl
What is the forecast for the price of WTI?
WTI Price Forecast
October 23, 2025
1 Month Forecast
57.05
$/bl
1 Year Forecast
68.24
$/bl
What are the short-term drivers of WTI prices?
What are the long-term drivers of WTI prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - Crude exports from Nigeria - LPG exports from United States - Seasonality trends for the prediction week of year - Short term price trends Br(None) The top contrary drivers for the 1 Month horizon are: - Long term price trends
Over the 1 Year horizon the outlook is bullish due to drivers such as: - EWMA-based technical analysis - The shape of the futures curve (adjusted for the risk free rate and price volatility) Br(None) The top contrary drivers for the 1 Year horizon are: - The shape of the futures curve - Euroil Crude Stocks
Will the price of WTI go up?
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