Skip to main content
Monthly Report

October 2025 Oil Market Outlook

Published October 1, 2025

Price Forecasts

WTI Crude Oil

Current Price
$68.00
Nov 2025 Forecast72% conf.
$66.00
Range: $64.00 - $74.00
Jan 2026 Forecast65% conf.
$71.00
Range: $60.00 - $80.00
Outlook: Bearish

Brent Crude Oil

Current Price
$64.00
Nov 2025 Forecast80% conf.
$65.00
Range: $61.00 - $69.00
Jan 2026 Forecast68% conf.
$62.00
Range: $57.00 - $74.00
Outlook: Neutral

Natural Gas (Henry Hub)

Current Price
$3.50
Nov 2025 Forecast78% conf.
$3.70
Range: $3.20 - $4.00
Jan 2026 Forecast62% conf.
$3.10
Range: $2.90 - $4.30
Outlook: Bullish

Key Market Drivers

Technical Trend

+2.0% momentum

EIA STEO Outlook

$70 median (1m), $73 (3m)

Inventory Signal

Draws support price

Rig Count Signal

Declining, bullish

Market Context

27.5
OPEC Production (mb/d)
35M
Cushing Storage (bbl)
590
US Rig Count

Forecast Accuracy

12.0%
1-Month MAPE
10.0%
3-Month MAPE
70%
1M Direction Accuracy
65%
3M Direction Accuracy

MAPE = Mean Absolute Percentage Error. Lower is better. Direction accuracy shows how often we correctly predicted if price would go up or down.

Disclaimer

These forecasts are statistical projections based on historical price patterns and market indicators. They do not account for geopolitical events, supply disruptions, policy changes, or other unforeseen factors that significantly impact commodity prices. Past performance is not indicative of future results. This is not financial or trading advice. Use at your own risk.

Access Forecast Data via API

Get programmatic access to our oil price forecasts with JSON responses. Build dashboards, alerts, or integrate with your trading systems.

Get Free API Key