FX.co ★ Fitch predicts oil prices to be $65/bbl in 2019

Fitch 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.