New Iran Revolution: Oil to $105 Christian DeHaemer Photo By Christian DeHaemer Written Jan. 03, 2018 Last year I predicted that oil, specifically West Texas Intermediate, would end the year with a price of $61.55 a barrel. On the last trading day of the year, it closed at $60.28. I apologize for falling short.
As I write this, WTI is trading at $60.85, and it is in a solid uptrend. The price of crude has been going up since January of 2016.