Politics
Fitch: Oil prices will rise
The price of Brent oil will be around $ 45 next year, $ 53 in 2022, and $ 55 in the upcoming period.
According to a study by Fitch Ratings on the future development of the market, WTI oil will be sold for up to $ 3 cheaper than Brent.
Fitch notes that prices will rise mainly due to the OPEC + oil production cut deal.
“We expect OPEC + to periodically adjust the two-year agreement reached in April 2020 to avoid a large production surplus or deficit, which supports our expectations of a gradual recovery in oil prices,” the document said.