Oil and gas are always combined with human civilization. Because the growth of human civilization is depends on energy consumption. The main reason behind this is energy and transportation. Due to that, the values of oil and gas are getting vary every day. So, if you can invest in these commodities cleverly and carefully, you can earn a reasonable profit. The purpose of this website is to give a little help and guidance to you by analyzing the past data.

These predictions are calculating by using some data analytic python algorithms without any human involvement. We use an open-source Python library named Facebook’s Prophet and AWS cloud computing services to do these time series forecasting calculations. This Python library helps us to get the forecast prices of oil and gas by analyzing the past prices according to the time series. We collect the history prices from yahoo finance. Simply, this Python library analyzes the behavior of the history prices and gives a forecast of the behavior of future prices by using the decomposable time series model with three main components which are trend, seasonality, and holidays.

But the value of oil and gas can be changed due to many other reasons. It can be the limitation of crude oil. It can be the high usage of vehicles. It can be the high production of weapons due to a war between two countries or more. Any of these reasons can give a massive pushup to the value of oil and gas. Also, we need to consider the downside. COVID-19 is the best example that happened in the recent past. At the beginning of the year 2020, there was a massive price drop happened not only in the prices of commodities but also the prices in the stock market. Likewise, any kind of disaster which can hit the world economy such as a massive storm, tsunami, earthquake, world war, or a new virus or a bacteria disease can crash the market to the bottom. Unfortunately, there is no way to include these factors in the calculations. Due to that, we advise you not to depend totally on these forecast values. This is only a mathematical calculation done according to the behavior of the past data. But please note that anything can be possible in the future.

We have created many pages on this website to forecast the prices of oil and gas and we are continuously adding price forecasting of new commodities. On this page, we have listed the links of the forecast prices of oil and gas in USD for 30 days, the next 12 months, and the next six years. Forecast values are calculating daily. To speed up the performance of the website, we are using some caching methods.