WTI Oil Future
Energy · Monthly series · CM-USOIL.FX
Latest, October 2026
102.88 USD (exchange quote)
+13.9% from September 2026
Forecast
Forecast for October 2027: 107.67 USD (exchange quote), with an 80% interval of 55.33 USD (exchange quote) to 160.01 USD (exchange quote).
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| November 2026 | 103.28 USD (exchange quote) | 83.90 USD (exchange quote) | 122.66 USD (exchange quote) |
| December 2026 | 103.68 USD (exchange quote) | 66.13 USD (exchange quote) | 141.22 USD (exchange quote) |
| January 2027 | 104.08 USD (exchange quote) | 72.30 USD (exchange quote) | 135.86 USD (exchange quote) |
| February 2027 | 104.48 USD (exchange quote) | 68.10 USD (exchange quote) | 140.86 USD (exchange quote) |
| March 2027 | 104.88 USD (exchange quote) | 53.17 USD (exchange quote) | 156.58 USD (exchange quote) |
| April 2027 | 105.28 USD (exchange quote) | 47.84 USD (exchange quote) | 162.71 USD (exchange quote) |
| May 2027 | 105.67 USD (exchange quote) | 38.76 USD (exchange quote) | 172.59 USD (exchange quote) |
| June 2027 | 106.07 USD (exchange quote) | 60.71 USD (exchange quote) | 151.44 USD (exchange quote) |
| July 2027 | 106.47 USD (exchange quote) | 71.91 USD (exchange quote) | 141.03 USD (exchange quote) |
| August 2027 | 106.87 USD (exchange quote) | 64.08 USD (exchange quote) | 149.67 USD (exchange quote) |
| September 2027 | 107.27 USD (exchange quote) | 54.02 USD (exchange quote) | 160.52 USD (exchange quote) |
| October 2027 | 107.67 USD (exchange quote) | 55.33 USD (exchange quote) | 160.01 USD (exchange quote) |
AI confidence
Mixed evidenceThe tests show no consistent, material advantage over the no-change baseline.
Model: Exponential smoothing (statistical)
- Accuracy vs naive
- 0%Matches the no-change baseline over 6 tests (6 tests, 3 won)
- Direction
- 53%No clear edge over a coin flip (38 of 72 calls right in 6 tests)
- Turning points
- 0 of 25Anticipated no turn, as the no-change baseline does (25 turns in 6 tests, 0 without a turn)
- Error vs baseline
- About the sameError ratio 1.00; 1.00 is a tie.
- Tests won
- 3 / 6Complete recent tests excluded from model selection; ties count as no win.
- Test period
- 2020-11-01 to 2026-10-0112 observations ahead per test.
- 80% band coverage
- 77%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-13 against the cached history through 2026-10-01.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
5 of 5 models evaluatedModels are selected on older tests and evaluated on separate recent tests. All four classes completed their backtests.
Models tested
Exponential smoothing scored lowest on the 6 older tests (1.00) and was chosen. The 6 recent tests played no part in the choice and give its grade (1.00). The search for a model that beats the naive forecast on both sets of tests goes on. Scores are MASE: a model's errors divided by the naive forecast's, so 1 is a tie.
4 model classes completed the tests: Statistical, Foundation model, Machine learning, Neural network.
| Model | Class and compute | Older tests | Recent tests | Role |
|---|---|---|---|---|
| AutoETS (statistical) | Statistical · CPU | 1.00 | 1.00 | Serving |
| Naive forecast (last value held) | Benchmark · CPU | 1.00 | 1.00 | Benchmark |
| Timestral (foundation model) | Foundation model · CPU | 1.00 | 0.99 | Tested |
| ci-proto (foundation model) | Foundation model · CPU | 1.02 | 0.93 | Tested |
| CatBoost (machine learning) | Machine learning · CPU | 1.13 | 1.07 | Tested |
| N-HiTS (neural network) | Neural network · CPU | 1.99 | 1.08 | Tested |
Reading
It is above 97% of the 119 earlier readings since November 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| October 2026 | 102.88 USD (exchange quote) |
| September 2026 | 90.34 USD (exchange quote) |
| August 2026 | 86.28 USD (exchange quote) |
| July 2026 | 84.59 USD (exchange quote) |
| June 2026 | 70.03 USD (exchange quote) |
| May 2026 | 87.68 USD (exchange quote) |
| April 2026 | 105.40 USD (exchange quote) |
| March 2026 | 101.51 USD (exchange quote) |
| February 2026 | 67.37 USD (exchange quote) |
| January 2026 | 65.74 USD (exchange quote) |
| December 2025 | 57.58 USD (exchange quote) |
| November 2025 | 58.47 USD (exchange quote) |
| October 2025 | 60.87 USD (exchange quote) |
| September 2025 | 62.41 USD (exchange quote) |
| August 2025 | 63.97 USD (exchange quote) |
| July 2025 | 69.35 USD (exchange quote) |
| June 2025 | 64.95 USD (exchange quote) |
| May 2025 | 60.77 USD (exchange quote) |
| April 2025 | 58.20 USD (exchange quote) |
| March 2025 | 71.39 USD (exchange quote) |
| February 2025 | 69.94 USD (exchange quote) |
| January 2025 | 73.75 USD (exchange quote) |
| December 2024 | 71.90 USD (exchange quote) |
| November 2024 | 68.13 USD (exchange quote) |
Source
Data: public market data feeds.
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