Why are WTI Prices so high?
29-01-2026 - Over the past month, the price of West Texas Intermediate (WTI) crude oil has risen from $58.08 per barrel to $63.21 per barrel. This increase indicates a strengthening market for crude oil, potentially influenced by changes in supply-demand dynamics or geopolitical factors affecting the oil industry. The forecast for WTI is $62.76 per barrel, a slight decrease from the current $63.21 per barrel, representing a marginal change of -0.7%. This suggests a generally stable market with minimal risk, as the price fluctuation is minor.
The forecasted price decrease of $0.56 per barrel is mainly attributed to Flows data, particularly Seaborne Imports and Exports. While Demand and Technical data point to upward pressure, Flows and Supply data suggest a downward trend in raw material prices. Additionally, the U.S. Energy Information Administration (EIA) anticipates that the WTI spot price will average $62.46 per barrel in 2026, down from $70.62 per barrel in 2025. This projection aligns with the forecast's prediction of a decrease to $62.76 per barrel in the coming month, indicating a downward trend in WTI prices over the longer term.
The forecasted price decrease of $0.56 per barrel is mainly attributed to Flows data, particularly Seaborne Imports and Exports. While Demand and Technical data point to upward pressure, Flows and Supply data suggest a downward trend in raw material prices. Additionally, the U.S. Energy Information Administration (EIA) anticipates that the WTI spot price will average $62.46 per barrel in 2026, down from $70.62 per barrel in 2025. This projection aligns with the forecast's prediction of a decrease to $62.76 per barrel in the coming month, indicating a downward trend in WTI prices over the longer term.
What is the current / spot price of WTI?
WTI Price Today
January 30, 2026
Current Price
63.21
$/bl
What is the forecast for the price of WTI?
WTI Price Forecast
January 30, 2026
1 Month Forecast
62.76
$/bl
1 Year Forecast
71.24
$/bl
What are the short-term drivers of WTI prices?
Over the 1 Month horizon the outlook is moderately bearish due to drivers such as: - Crude exports from Nigeria - LPG exports from United States - Long term price trends - EWMA-based technical analysis Br(None) The top contrary drivers for the 1 Month horizon are: - The shape of the futures curve
What are the long-term drivers of WTI prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - The shape of the futures curve (adjusted for the risk free rate and price volatility) - Short term price trends 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?
.png)
1 Week
1 Month
3 Month
6 Month
1 Year
The Latest WTI News
ChAI Blog
Energies
Click here to see info on similar materials in the group
Frequently Asked Questions
Still have a question?
Contact us
Which suppliers or regions are the most reliable/unreliable right now from a supply chain perspective?
What are the key supply chain risks for the next quarter (climate events, wars, shipping route changes)?
Are there any substitution materials currently becoming more competitive?
Are there any current supply chain disruptions (strikes, port closures, weather events, shipping delays)?
What tariffs does the EU have with the US?
What are new government polices?
What raw materials are in short supply?
What are current freight rates?
Do your models/algorithms change for time horizons? (short term/long term)?
What is unique about what you do? Aren’t large hedge funds already doing something similar?
What kind of AI techniques are you using?
Our Risk / Compliance Department is concerned about model transparency - How do you ensure your models can be explained?
Can you expand on how the AI is used and how it's a differentiator?
Interested in further market insights, forecasts, cost models, downloadable data ?
We are making the companies whose products we depend on everyday more resilient
Speak to the team
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
*Please include your company email