Pessimistic forecast regarding oil – price to fall to $65

12:10 - 9.12.2022

December 9, Fineko/abc.az. Fitch Ratings has made a forecast regarding the price of oil.

ABC.AZ reports that according to the rating agency, Fitch predicted an average oil price of $100 by the end of this year.

Fitch has determined the average oil price at $85 in 2023 and $65 per barrel in 2024.
Earlier, Anvita Basu, the head of the Fitch Solutions Risk Department for European Countries, said in an interview that the economic downturn in the eurozone and a not so optimistic forecast for the US economy will affect oil prices from next year.

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