Fitch keeps forecast on oil price stable for 2019-2020

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.