WTI Prices

05-02-2026 - Over the past month, the price of West Texas Intermediate (WTI) crude oil has risen from $58.32 per barrel to $65.14 per barrel. This increase indicates a strengthening market for crude oil, potentially driven by changes in supply-demand dynamics or geopolitical factors affecting the oil industry. The forecast for WTI is $64.8 per barrel, slightly lower than the current $65.14 per barrel, representing a minor decrease of 0.5%. This suggests a generally stable trend with minimal risk, as the price of this raw material remains relatively steady.

The current forecast indicates upward price pressure on raw materials, influenced by technical data with a $1.02 per barrel impact, particularly from calendar effects and price signals. However, there is a conflict between demand and technical data, which suggest upward pressure, and flows and supply data, which indicate downward pressure.

The U.S. Energy Information Administration (EIA) projects that the WTI spot price will average $62.46 per barrel in 2026, a decrease from $70.62 per barrel in 2025. This forecast aligns with the prediction of a price decline to $64.8 per barrel in the coming month. Overall, the market for WTI crude oil appears to be experiencing a period of relative stability, with minor fluctuations expected in the near term.