Oil Price Forecasts Vary, But Skewed to the Upside

March 29, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Triple-digit crude oil prices could be on the horizon according to big investment firms, though a survey from the Federal Reserve Bank of Dallas paints something of a bearish picture for the year.

West Texas Intermediate (WTI), the U.S. benchmark for the price of oil, has been on a slow but steady rise for much of the month, climbing 5.52% since the start of March to reach the low-$80 per barrel range.