Average oil price in 2016 to make up $35/barrel- Fitch
Edited by Rhod Mackenzie / 2016-05-26 07:49:01
In 2016 the average oil price will make up $35/barrel, Fitch says in its Global Economic Outlook.
According to the forecasts of Fitch, the average oil price in 2017 will grow to $45/barrel, in 2018 – to $55/barrel.
When making forecasts, the analysts of Fitch took into account the expected rate of world currencies to dollar.
On May 26th oil price went up to $50/barrel for the first time within 7 months.
According to the chief market analyst, CMC Markets, R. Spooner, the peak of price will stay at the range of $50-55/barrel.
