Fitch predicts increase in prices for oil to 65 dollars by 2020

"Average price of oil in 2017 is expected at the level of 52,5 dollars for barrel", the senior director of department of corporations of the international rating agency Fitch Raitings Maxim Edelson has told on Thursday, speaking at the sixth annual meeting in Baku, Azerbaijan, reports the Trend agency.

According to him, the price can change a little from this indicator depending on decisions of OPEC, and also changes of supply and demand in the market.

Edelson has also noted that Fitch predicts price of oil in 2018 at the level of 55 dollars for barrel, in 2019 - 60 dollars, and in 2020 - 65 dollars for barrel.

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