Fitch has raised its forecast for oil prices for the coming years
16:24 09.12.2021 5866
The international rating agency Fitch Ratings has raised its forecasts for oil prices for the near future, follows from the December report of the Global Economic Outlook (GEO), Interfax reports.
Analysts expect Brent crude at the end of 2021 to average $71 per barrel against the expected $63 per barrel in September.
The estimate for the next year was raised to $70 per barrel from $55, for 2023 – to $60 from $53 per barrel.
The average price level for 2020 was $43.3 per barrel, for 2016-2020 - $55.8 per barrel.
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