Kshitij Crude Oil Forecast

Crude Oil Forecast

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Overview
The Kshitij Crude Oil Forecast takes a deep look at Technical and Fundamental Factors driving Global Crude Oil prices, and provides a macro view for the next 2 to 4 quarters.

Following are few of the charts we analyze in these Reports:

Technical Price Charts of Brent, WTI, Crude/Gold, Brent-WTI spread
Backwardation / Contango in Crude futures
Changes of Positioning in Crude Derivatives (CFTC)
Global Crude Demand-Supply Balance (as per OPEC, EIA & IEA)
Change in US Crude Inventories & Global Production Levels
We have also introduced a “Data View” section for our readers to stay updated on vital data points from the world of Crude Oil.

Kshitij.com’s Crude Oil forecast has been ranked no.3 for quarter ended June 2026 and no.4 for quarter ended March 2026 worldwide by Bloomberg.

July ' 26 Crude Report

In our June 2026 report (1-Jun-26, Brent @ $95.47), we had expected Brent to correct to $88 before bouncing back to $120 and $145 by Aug-26 and Sep-26, respectively. A sustained trade below $90 was said to be incumbent on a fully credible resolution of the US-Iran war.

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June ' 26 Crude Report

In our May 2026 report (4-May-26, Brent @ $110.75), we expected Brent to test $90.50 by Jul-26, followed by a rise to $145.13 by Sep-26 and $161.93 by Dec-26. Sustained trade below $100 was expected to be seen only on a credible resolution of the US-Iran war, which looked unlikely.

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May ' 26 Crude Report

In our April 2026 edition (7-Apr-26, Brent @ $111.48), we expected Brent to test $89.26 by Jun-26 followed by a rise to $145.13 by Sep-26 before consolidating between the two levels for the rest of the year. As expected, Brent did see a corrective dip to $86.09, but that happened much earlier than our estimate of Jun-26 on talks of reopening of the Strait of Hormuz.

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Apr ' 26 Crude Report

In our Mar-26 edition, we expected Brent to rise to $90.61 by Apr-26 followed by a further rise towards $102.47 by Oct-26 keeping our overall view bullish for the year. The escalation of war between US and Iran throughout March-26 has led to a rally in Brent prices to as high as $119.50, exceeding our bullish targets by a large margin, much ahead of expected time. Will it remain bullish for the coming years?

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Mar ' 26 Crude Report

The Net Long short position for WTI has started to move up. Currently above 2, will it rise sharply towards 4-6 and higher or fall back towards 1.5 or lower? The US-Iran conflict has lead to a sharp rally in crude prices. Will it dominate prices in the coming months? Or can we look for a resolution of the conflict soon?

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Feb ' 26 Crude Report

Having risen sharply in Jan-26 to $70.58, will Brent again rise past $70 and continue to rise in the coming months? Or is the rise over and the price can move back towards $60?

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Jan ' 26 Crude Report

Crude prices have been steady and tilted to the downside over the last few months. Hovering near $60, can it gradually move up towards $70? Or could there be room for more fall towards $55/50? We have laid out our analysis and projections for Brent for 2026 throwing light on the US growth, Inventory and Demand-Supply estimation (by EIA) for 2026 as important cues for movement in crude prices.

July '26 Dollar Rupee Quarterly Forecast

WHAT'S NEW?

July '26 Quarterly Forecast

Our July '26 Dollar Rupee Quarterly Forecast is now available. To order a PAID copy, please click here and take a trial of our service.

WHAT'S NEW?

July'26 EURUSD Report

In our June 2026 report (10-Jun-26, EURUSD 1.1546), we expected the Euro to rise towards 1.17 in Jun-26 before reversing lower, with surging crude prices, rising inflation, and potential central bank rate hikes posing key risks amid the ongoing US-Iran conflict.... Read More

WHAT'S NEW?

Jan'26 USDJPY Report

In our 10-Dec-25 report (USDJPY 156.70), we expected the USDJPY to trade within 154-158 region till Jan’26 before eventually rising in the long run. In line with our view, the pair limited the downside to ... Read More

WHAT'S NEW?

June'26 GOI Report

In our 11-Apr-26 report (10Yr GOI 7.03%) we had retained our bullish view on Brent towards $134 by Sep-26, while allowing for a near term dip to $95 on hopes of a US-Iran resolution. Brent fell to $89.93, lower than... Read More

WHAT'S NEW?

July'26 Crude Oil Report

WHAT'S NEW?

July '26 US Treasury Report

For the last few months we have been looking for Crude to rise towards $130-190 and pull up the US CPI towards 4.6% and the US10Yr Yield to 5.4% by Jan-27. This view has clearly gone wrong with Brent falling sharply below $90 as a result of the US-Iran peace deal, which is the .... Read More

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