Monthly Report
January 2026 Oil Market Outlook
Published January 1, 2026
Price Forecasts
WTI Crude Oil
Current Price
$69.00
Feb 2026 Forecast73% conf.
$68.00
Range: $65.00 - $75.00
Apr 2026 Forecast66% conf.
$67.00
Range: $61.00 - $81.00
Outlook: Neutral
Brent Crude Oil
Current Price
$71.00
Feb 2026 Forecast75% conf.
$71.00
Range: $68.00 - $76.00
Apr 2026 Forecast63% conf.
$69.00
Range: $64.00 - $81.00
Outlook: Bullish
Natural Gas (Henry Hub)
Current Price
$2.60
Feb 2026 Forecast73% conf.
$2.90
Range: $2.30 - $3.10
Apr 2026 Forecast63% conf.
$2.30
Range: $2.00 - $3.40
Outlook: Bearish
Key Market Drivers
Technical Trend
-2.1% momentum
EIA STEO Outlook
$71 median (1m), $74 (3m)
Inventory Signal
Near 5-year average
Rig Count Signal
Stable, neutral
Market Context
27.6
OPEC Production (mb/d)
36M
Cushing Storage (bbl)
621
US Rig Count
Forecast Accuracy
7.0%
1-Month MAPE
11.0%
3-Month MAPE
61%
1M Direction Accuracy
66%
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