Oil Price forecast for October 2019. In the beginning price at 61.91 Dollars. High price 62.84, low 60.98. The average for the month 61.91. The Oil Price forecast at the end of the month 61.91, change for October 0.0%. Prices will also increase as India, one of the largest importers of Malaysian palm oil at 2.514 million tonnes last year, reduced import duties on crude palm oil from some countries, including Malaysia and Indonesia, to 40 per cent from 44 per cent and on other palm oil to 45 per cent from 54 per cent. Commodity Vegetable Oil Index includes Soybean, Soybean Meal, Soybean Oil, Rapeseed Oil, Palm Oil, Sunflower Oil, Olive Oil, Fishmeal, and Groundnut Price Indices (Index, 2005=100) Index, 2005=100 89.57