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Fitch raises oil price forecast

FITCH Ratings has increased its oil price assumptions for 2024-25, citing continuing geopolitical issues, but has lowered its forecast for European and Henry Hub gas prices over 2023-24.

Fitch raises oil price forecast

On a base case, the credit rating and research house expects Brent crude to hover at around US$85 a barrel over 2023, while West Texas Intermediate will stay at US$80/bbl for this year. In 2024,...

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