Fitch announced oil price forecasts for 2019-2021

The international rating agency Fitch Ratings predicts the average price of oil in 2019 at $65 per barrel.

According to Report with reference to Interfax, this is stated in the Global Economic Outlook.

The agency expects a decrease in oil prices to $62.5 per barrel next year, and to $60 per barrel in 2021.

At the same time in the longer term, the average price of Brent crude oil will be $57.5 per barrel, and WTI price will make $55 per barrel.

In a Fitch report published in December 2018, analysts also predicted the price of Brent oil for 2019 at $ 65 per barrel. At that time, the agency improved forecasts for North Sea oil prices for 2020 and 2021 - up to $62.5 and $60 per barrel.