The United States Energy Information Administration maintains a crude oil price forecast on its website at EIA.gov. The Forex analysis organization, Daily FX and The Financial Forecast Center also provide price forecasts on their websites, along with FX Empire and Bloomberg Business.
The EIA forecast includes WTI and Brent crude oil, heating oil, natural gas, diesel and gasoline. The projections are updated on a monthly basis.
Government analysts review oil prices from the most recent months. They also consider inventory levels, oil exports and spending by major petroleum companies. This information is analyzed to project oil prices over the upcoming year.