27-06-2019 10:26Fitch Ratings assumes that oil prices will average $65 per barrel by the end of 2019. Experts also expect that oil prices will fall to $62.5 per barrel in 2020 and $60 per barrel in 2021.
In the long term, the average cost of Brent crude oil will amount to $57.5 per barrel, while WTI crude oil prices will be $55 per barrel.
According to analysts at Fitch Ratings, the USD/JPY rate will be approximately 110 by the end of this year and 112 in the next two years. In the next three years, USD/EUR will be 0.88, and USD/GBP - 1.25. As for the yuan, 1 USD will be worth 7 yuan at the end of this year and 7.2 yuan in the next two years, Fitch Ratings sums up.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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