Brent to average USD 55/barrel in 2016 – Fitch

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The ratings agency Fitch sees Brent crude average around USD 55/barrel in 2016 and USD 65/barrel in 2017.

    In its latest outlook the ratings agency says, “low oil prices will continue to weigh on the sovereign credit profiles of major exporters in 2016, vulnerability varies, but the impact could be felt through negative sovereign rating actions.”
    For more information, read our latest forex news.

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