Crude Oil Pricing Forecast Index (OPF Index)

Our new OPF Index is a revolutionary simple, and powerful application that allows users to review and interpret thousands of oil pricing forecast predictions (Brent & WTI) from hundreds of trusted forecasting entities in one simple platform.

Crowdsourcing Oil Pricing Forecasts

The OPF Index proves the assumption that a unified ‘index’ will be more accurate in forecasting prices than a single forecaster on its own. And as such this index has proven to be on average __% more accurate in predicting crude oil prices than any single forecaster.

The Process

The OPF Index is not based on supply/demand models. The Index aggregates all public domain current forecaster's oil price predictions as well as historical forecasts going back to 2013. It then utilizes complex algorithms to simultaneously look for patterns, track records and actual oil prices thought-out time, thereby ranking forecasts based on forecaster’s success rates and recency of each forecast. The result is a simple weighted index representing a unified consensus for oil prices in the future.

 

Functionality

  • Chart crude oil pricing forecasts (Brent, WTI, or Global Average)
  • Compare forecasters vs each other or vs the OPF Index
  • Look up specific predictions by forecasters
  • Rank forecasters by accuracy record
  • Download charts
  • Download table into Excel