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Fitch keeps forecast on oil price stable for 2019-2020
ICT
- 01 October, 2019
- 06:28
Fitch Ratings forecasts the Brent crude price at $65 a barrel in 2019, Report informs citing Interfax.
However, fluctuation will be observed in the fourth quarter of 2019. The forecast for 2020 also remained unchanged at $62.5.
In the long-term perspective, the Brent crude price is expected to make $57.5.
Fitch analysts expect that OPEC+ is able to regulate the supply and prevent increase of fuel in the market.
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