Commodities forecast · FRED data
Brent crude oil price forecast
Brent crude oil price (US dollars per barrel)
Last close · Sep 22, 2026
$114.89
The Brent crude oil price is forecast at $95.26 in 12 months (Sep 2027), with an 80% range of $63.69 to $138.77. The last close was $114.89 on Sep 22, 2026, so the median implies a change of −17.1%.
Along the way, the median is $99.62 in 3 months and $97.04 in 6 months.
- 3 monthsDec 2026
- $99.62▼ −13.3%80%: $72.15 – $135.44
- 6 monthsMar 2027
- $97.04▼ −15.5%80%: $66.93 – $137.92
- 12 monthsSep 2027
- $95.26▼ −17.1%80%: $63.69 – $138.77
Backtest · last 5 years
How accurate has this been?
| Horizon | Tests | Avg. error | Naive error | In 80% range |
|---|---|---|---|---|
| 3 months | 58 | $11.57 | $11.63 | 83% |
| 6 months | 55 | $14.22 | $13.96 | 80% |
| 12 months | 49 | $13.65 | $15.52 | 90% |
We re-ran the model as if standing at past dates, using only the data available then. Avg. error is the mean absolute gap between the median and what happened; naive assumes no change from the last value. A well-calibrated 80% range contains about 80% of outcomes. Methodology
Source data
Recent values
| Date | Value | Change |
|---|---|---|
| Sep 22, 2026 | $114.89 | −1.08% |
| Sep 21, 2026 | $116.15 | −2.93% |
| Sep 18, 2026 | $119.66 | −1.25% |
| Sep 17, 2026 | $121.18 | −5.21% |
| Sep 16, 2026 | $127.84 | −2.26% |
| Sep 15, 2026 | $130.80 | +7.88% |
| Sep 14, 2026 | $121.25 | +2.70% |
| Sep 11, 2026 | $118.06 | −2.41% |
| Sep 10, 2026 | $120.98 | +10.47% |
| Sep 9, 2026 | $109.51 | +3.19% |
About this forecast
- Source
- FRED, Federal Reserve Bank of St. Louis · series DCOILBRENTEU
- Data through
- Sep 22, 2026 · 6,471 observations
- Forecast updated
- Sep 28, 2026
- Model
- TimesFM 2.5 (Google Research, Apache-2.0), zero-shot
Other commodity forecasts
All 3Statistical model, not financial advice. This forecast is generated automatically from public data; the 80% range means outcomes are expected outside it about one time in five. Don't make financial decisions based only on it.
Need a series we don't cover? Request a forecast →