Fitch raises forecast for oil prices; seeing Brent at $100/barrel in 2022

The agency said on Tuesday that it now expects Brent to average $100 this year, up from $70, while WTI will trade at $95 compared to $67 in previous estimates. (FILE/AFP)

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Updated 22 March 2022

Arab News

March 22, 2022 08:42

Fitch raises forecast for oil prices; seeing Brent at $100/barrel in 2022

Updated 22 March 2022

Arab News

March 22, 2022 08:42

RIYADH: Fitch Ratings agency raised its forecast for oil prices in 2022 and 2023 on supply risks.

The agency said on Tuesday that it now expects Brent to average $100 this year, up from $70, while WTI will trade at $95 compared to $67 in previous estimates.