Rigzone (March 31, 2025) –

Executives from oil and gas firms have revealed where they expect the West Texas Intermediate (WTI) crude oil price to be at various points in the future as part of the first quarter Dallas Fed Energy Survey, which was released last week.

The survey asked participants where they expect WTI prices to be in six months, one year, two years, and five years. Executives from 124 oil and gas firms answered this question and gave a mean response of $68 per barrel for the six month mark, $70 per barrel for the year mark, $74 per barrel for the two year mark, and $82 per barrel for the five year mark, the survey showed.

Executives from 124 oil and gas firms also answered this question in the fourth quarter Dallas Fed Energy Survey and gave a mean response of $69 per barrel for the six month mark, $71 per barrel for the year mark, $74 per barrel for the two year mark, and $80 per barrel for the five year mark, that survey showed.

The average response executives from 129 oil and gas firms gave when they were asked in the latest survey what they expect the WTI crude oil price to be at the end of 2025 was $68.32 per barrel, this survey outlined. The low forecast came in at $50 per barrel, the high forecast was $100 per barrel, and the spot price during the survey was $67.60 per barrel, the survey pointed out.

The average response executives from 131 oil and gas firms gave when asked in the previous Dallas Fed Energy Survey what they expect the WTI crude oil price to be at the end of 2025 was $71.13 per barrel, that survey showed. The low forecast came in at $53 per barrel, the high forecast was $100 per barrel, and the spot price during the survey was $70.66 per barrel, that survey highlighted.

Oil Execs Forecast $68 Oil As New Baseline