International rating agency Fitch Ratings has updated its forecast for average oil prices for the years 2025–2028, APA-Economics reports citing Fitch’s base forecast.
The price of Brent crude oil is expected to be: $65 per barrel in 2025 (previous forecast – $70), $65 in 2026, $65 in 2027 (no changes in forecasts for 2026–2027), and $60 in 2028 (no change for 2028).
According to the forecast, the price of WTI crude oil is projected to be: $60 per barrel in 2025 (previous forecast – $65), $60 in 2026, $60 in 2027,
and $57 in 2028 (forecasts for 2026–2028 remain unchanged).
The report also notes that in 2024, the average price of Brent was $80.5, while WTI averaged $76.6.
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