Crude oil - data, forecasts, historical chart - was last updated on March of 2020. Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil is expected to trade at 31.29 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Currently, both WTI and especially Brent crude oil are within striking distances of that area. For April WTI futures, the target zone is $59.51 to $63.40. For Brent, the upside target zone is $67.77 to $71.59. Given the current fundamentals, prices are likely to consolidate once these zones are reached. Prices could receive a further boost in reaction to the U.S. oil drillers’ production cuts. However, this is not likely to last too long as the forecasts continue to point toward rising U.S